Explanatory Memorandum
(Circulated by authority of the Minister for Veterans' Affairs, The Honourable Darren Chester MP)OUTLINE AND FINANCIAL IMPACT
The Treatment Benefits (Special Access)(Consequential Amendments and Transitional Provisions) Bill 2019 (the Bill) would make amendments to the Aged Care Act 1997, the A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999, the Healthcare Identifiers Act 2010, the Income Tax Assessment Act 1936, the Income Tax Assessment Act 1997, the Military Rehabilitation and Compensation Act 2004, the National Cancer Screening Register Act 2016, the National Health Act 1953, the Safety, Rehabilitation and Compensation Act 1988, the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988 and the Social Security Act 1991 as a consequence of the Treatment Benefits (Special Access) Bill 2019.
The Bill would also provide for transitional provisions in relation to claims made under the Treatment Benefits (Special Access) Bill 2019 and the consequential amendments of the Income Tax Assessment Act 1936, the Income Tax Assessment Act 1997, the Safety, Rehabilitation and Compensation Act 1988 and the Safety, Rehabilitation and Compensation (Defence-related Claims) Act 1988.
Date of Effect: 1 July 2019
Financial Impact
$22.2 million over the forward estimates from 2018-19 to 2022-23.
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