Title A New Tax System (Medicare Levy Surcharge-Fringe Benefits) Bill 1998
Database Bills & Legislation
Long Title a Bill for an Act to implement A New Tax System by imposing Medicare levy surcharge on reportable fringe benefits totals of some employees without private hospital insurance
Date 01-12-1998
Source House of Reps
Parl No. 39
Bill Number 98206
Bill Type Government
Portfolio Treasurer's portfolio
Reps Bill Code T
Status Act
System Id legislation/bills/r665_first/0003


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.