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A New Tax System (Medicare Levy Surcharge-Fringe Benefits) Bill 1998

Part 2 Imposition of surcharge

   

10   Imposition of Medicare levy surcharge

Surcharge imposed on reportable fringe benefits total

             (1)  Medicare levy surcharge is imposed on the reportable fringe benefits total for a year of income of a person who is a resident of Australia at any time during the year of income.

Who is a resident of Australia —general rule

             (2)  A person is a resident of Australia if he or she is a resident of Australia as defined in subsection 6(1) of the Assessment Act.

Exception for Norfolk Island

             (3)  However, a person is not a resident of Australia for the purposes of this Act if he or she is a resident of Australia as defined in subsection 6(1) of the Assessment Act merely because subsection 7A(2) of that Act treats Norfolk Island as part of Australia.

Application: 1999-2000 year of income onwards

             (4)  Subsection (1) applies to the 1999-2000 year of income and later years of income.