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Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2004

 

 

 

 

 

 

Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2004

 

No. 84, 2004

 

 

 

 

 

An Act to amend the law relating to taxation, and for related purposes

   

   



Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 2

4............ Application of amendments............................................................... 2

5............ Amendment of assessments............................................................... 2

Schedule 1—Medicare levy and Medicare levy surcharge low income thresholds               3

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999     3

Medicare Levy Act 1986                                                                                              3

 



 

 

Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2004

No. 84, 2004

 

 

 

An Act to amend the law relating to taxation, and for related purposes

[ Assented to 25 June 2004 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2004 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

4   Application of amendments

                   The amendments made by Schedule 1 apply to assessments for the 2003-2004 year of income and later years of income.

5   Amendment of assessments

                   Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment made before the commencement of this section for the purposes of giving effect to this Act.