45-1
CurrentExcess level amounts
Chapter 2Incentives
Part 2-4Excess levels for medicare levy and medicare levy surcharge purposes
Division 45Excess levels for medicare levy and medicare levy surcharge purposes
45-1 Excess level amounts
For the purposes of the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 and the Medicare Levy Act 1986, any excess payable in respect of benefits under a *complying health insurance policy that provides *hospital cover must not be more than:
(a)
$750 in any 12 month period, in relation to a policy under which only one person is insured; and
(b)
$1,500 in any 12 month period, in relation to any other policy.
This Act’s bill:Explanatory memorandumSecond reading speech
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