A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999
Medicare levy surcharge is imposed on the reportable fringe benefits total for a year of income of a person who is a resident of Australia at any time during the year of income.
Subdivision 61-L (tax offset for Medicare levy surcharge (lump sum payments in arrears)) of the Income Tax Assessment Act 1997 might provide a tax offset for a person if Medicare levy surcharge is payable by the person.
A person is a resident of Australia if he or she is a resident of Australia as defined in subsection 6(1) of the Assessment Act.10(3)
(Repealed by No 52 of 2015)
Subsection (1) applies to the 1999-2000 year of income and later years of income.