Commonwealth: Tax Laws Amendment (Medicare Levy) Act 2013 (Cth)

Tax Laws Amendment (Medicare Levy) Act 2013 No. 81, 2013 An Act to amend the law relating to taxation, and for related purposes Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—Medicare levy family income threshold Medicare Levy Act 1986 Tax Laws Amendment (Medicare Levy) Act 2013 No. 81, 2013 An Act to amend the law relating to taxation, and for related purposes [Assented to 28 June 2013] The Parliament of Australia enacts: 1 Short title This Act may be cited as the Tax Laws Amendment (Medicare Levy) Act 2013. 2 Commencement This Act commences on the day this Act receives the Royal Assent. 3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms. Schedule 1—Medicare levy family income threshold Medicare Levy Act 1986 1 Subsection 8(5) (definition of family income threshold) Omit "$32,743", substitute "$33,693". 2 Subsection 8(5) (definition of family income threshold) Omit "$3,007", substitute "$3,094". 3 Subsections 8(6) and (7) Omit "$32,743", substitute "$33,693". 4 Application of amendments The amendments made by this Schedule apply to assessments for the 2012‑2013 year of income and later years of income. [Minister's second reading speech made in— House of Representatives on 15 May 2013 Senate on 17 June 2013] (94/13)