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Schedule 1—Amendments

Schedule 1 Amendments

   

Medicare Levy Act 1986

1  Paragraph 3(5)(b)

Repeal the paragraph, substitute:

                     (b)  any excess payable in respect of benefits under the policy is no more than the applicable amount set out in section 45-1 of that Act in any 12 month period.

2  Subsections 3(5A), (6) and (7)

Repeal the subsections.

3  Application

The amendments made by items 1 and 2 of this Schedule apply in relation to the 2018-19 income year and later income years.