Fairer Private Health Insurance Incentives (Medicare Levy Surcharge) Act 2012 (27 of 2012)

Schedule 1   Amendments

Medicare Levy Act 1986

14   After subsection 8D(4)

Insert:

(4A) Increase the amount of each percentage mentioned in subsections (3) and (4) by 0.25 of a percentage point if the person is a tier 2 earner for the year of income.

(4B) Increase the amount of each percentage mentioned in subsections (3) and (4) by 0.5 of a percentage point if the person is a tier 3 earner for the year of income.