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

PART 2 - IMPOSITION OF SURCHARGE  

SECTION 10   IMPOSITION OF MEDICARE LEVY SURCHARGE  

10(1)   Surcharge imposed on reportable fringe benefits total.  

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.

Note:

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.

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History

S 10(1) amended by No 80 of 2006 , s 3 and Sch 6 item 1, by inserting the note at the end, effective 30 June 2006.

10(2)   Who is a resident of Australia - general rule.  

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(Repealed by No 52 of 2015)

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History

S 10(3) repealed by No 52 of 2015, s 3 and Sch 1 item 3, applicable in relation to the 2016-17 year of income and later years of income. S 10(3) formerly read:

10(3) Exception for Norfolk Island.  

However, a person is not a resident of Australia for the purposes of this Act if he or she is a resident of Australia as defined in subsection 6(1) of the Assessment Act merely because subsection 7A(2) of that Act treats Norfolk Island as part of Australia.

10(4)   Application: 1999-2000 year of income onwards.  

Subsection (1) applies to the 1999-2000 year of income and later years of income.

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