PRIVATE HEALTH INSURANCE (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 2007

SCHEDULE 2 - AMENDMENTS  

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

7   Paragraph 4(5)(b)  
Repeal the paragraph, substitute:

(b) any excess payable in respect of benefits under the policy is more than:

(i) $500 in any 12 month period, in relation to a policy under which only one person is insured; and

(ii) $1,000 in any 12 month period, in relation to any other policy.