Commonwealth Numbered Acts

TAX LAWS AMENDMENT (MEDICARE LEVY AND MEDICARE LEVY SURCHARGE) ACT 2011 (NO. 44, 2011) - SCHEDULE 1

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

1  Paragraphs 15(1)(c) and 16(2)(c)

Omit "$18,488", substitute "$18,839".

Medicare Levy Act 1986

2  Subsection 3(1) (paragraph (b) of the definition of phase-in limit )

Omit "$32,584", substitute "$35,810".

3  Subsection 3(1) (paragraph (c) of the definition of phase-in limit )

Omit "$21,750", substitute "$22,163".

4  Subsection 3(1) (paragraph (b) of the definition of threshold amount )

Omit "$27,697", substitute "$30,439".

5  Subsection 3(1) (paragraph (c) of the definition of threshold amount )

Omit "$18,488", substitute "$18,839".

6  Subsection 8(5) (definition of family income threshold )

Omit "$31,196", substitute "$31,789".

7  Subsection 8(5) (definition of family income threshold )

Omit "$2,865", substitute "$2,919".

8  Subsections 8(6) and (7)

Omit "$31,196", substitute "$31,789".

9  Paragraph 8D(3)(c)

Omit "$18,488", substitute "$18,839".

10  Subparagraph 8D(4)(a)(ii)

Omit "$18,488", substitute "$18,839".

11  Paragraph 8G(2)(c)

Omit "$18,488", substitute "$18,839".

12  Subparagraph 8G(3)(a)(ii)

Omit "$18,488", substitute "$18,839".

13  Application of amendments

The amendments made by this Schedule apply to assessments for the 2010-11 year of income and later years of income.