Commonwealth Numbered Acts

MEDICARE LEVY ACT 1983 No. 52, 1983 - SECT 8

8. (1) Subject to this section, the amount of levy payable by a person but for
section 10 shall not exceed $291.20.

(2) Where a person was a legally married person on the last day of the year of
income and the sum of the taxable income of the person and the taxable income
of the spouse of the person exceeds $70,000, the amount of levy payable by the
person but for section 10 shall not exceed the sum of-

   (a)  $145.60; and

   (b)  $145.60 reduced by the amount of the levy that, but for this section
        and section 10, would be the amount of the levy payable by the spouse
        of the person upon the taxable income of the spouse.

(3) The amount of levy payable by a person in the capacity of a trustee of a
trust estate upon the net income of the trust estate or a part of that net
income, being income in respect of which the trustee is liable to be assessed
and pay tax in pursuance of section 99 or 99A of the Assessment Act, shall not
exceed-

   (a)  in the case of income in respect of which the trustee is liable to be
        assessed and pay tax in pursuance of section 99 of the Assessment Act-

        (i)    8.32% of the amount by which that net income or that part of
               that net income, as the case may be, exceeds $416; or

        (ii)   $291.20,

whichever is the less; and

   (b)  in the case of income in respect of which the trustee is liable to be
        assessed and pay tax in pursuance of section 99A of the Assessment
        Act-$291.20.