Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2002
Schedule 2 Other amendments

   

Income Tax Assessment Act 1936

1  Paragraph 251U(1)(cb)

Omit “subsection 43(1) of”, substitute “Method statement 2 in subpoint SCH6-A1(3), or Method statement 4 in subpoint SCH6-A1(5), in Schedule 6 to”.

2  Subparagraph 251U(1)(cc)(ii)

Omit all the words after “worked out under”, substitute “Method statement 6 in subpoint SCH6-A1(7) in Schedule 6 to the Veterans’ Entitlements Act 1986 ;”.

3  Application of amendments

The amendments made by items 1 and 2 apply to assessments for the 1997-98 year of income and later years of income.

Medicare Levy Act 1986

4  Paragraph 8(1)(b)

Repeal the paragraph, substitute:

                     (b)  is entitled to a rebate under section 159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

5  Paragraph 8(1)(d)

Repeal the paragraph, substitute:

                     (d)  is entitled to a rebate under section 159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

6  Paragraph 8(2)(b)

Repeal the paragraph, substitute:

                     (b)  is entitled to a rebate under section 159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

7  Paragraph 8(2)(d)

Repeal the paragraph, substitute:

                     (d)  is entitled to a rebate under section 159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

8  Application of amendments

The amendments made by items 4 to 7 apply to assessments for the 2000-01 year of income and later years of income.

 

 

[ Minister’s second reading speech made in—

House of Representatives on 14 May 2002

Senate on 19 June 2002 ]

(114/02)