Commonwealth Consolidated Acts

CLEAN ENERGY (TAX LAWS AMENDMENTS) ACT 2011 - SCHEDULE 2

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

1   Paragraphs 15(1)(c) and 16(2)(c)

Omit " $19,404 ", substitute "20,542".

Medicare Levy Act 1986

2   Subsection   3(1) ( paragraph   ( a) of the definition of phase - in limit )

Omit "$36,100", substitute "$37,975".

3   Subsection   3(1) ( paragraph   ( c) of the definition of phase - in limit )

Omit " $22,828 ", substitute "$24,167".

4   Subsection   3(1) ( paragraph   ( a) of the definition of threshold amount )

Omit "$30,685", substitute "$32,279".

5   Subsection   3(1) ( paragraph   ( c) of the definition of threshold amount )

Omit " $19,404 ", substitute "$20,542".

6   Subsection   8(7)

Omit "$44,500", substitute "$46,000".

7   Paragraph 8D(3)(c)

Omit " $19,404 ", substitute "$20,542".

8   Subparagraph 8D(4)(a)(ii)

Omit " $19,404 ", substitute "$20,542".

9   Paragraph 8G(2)(c)

Omit " $19,404 ", substitute "$20,542".

10   Subparagraph 8G(3)(a)(ii)

Omit " $19,404 ", substitute "$20,542".

11   Application provision

The amendments made by this Schedule apply to the 2012 - 13 year of income and later years of income.