Commonwealth Consolidated Acts

TAXATION LAWS AMENDMENT (MEDICARE LEVY AND MEDICARE LEVY SURCHARGE) ACT 2002 - SCHEDULE 2

Income Tax Assessment Act 1936

1   Paragraph 251U(1)(cb)

Omit "subsection 43(1) of", substitute "Method statement 2 in subpoint SCH6 - A1(3), or Method statement 4 in subpoint SCH6 - A1(5), in Schedule   6 to".

2   Subparagraph 251U(1)(cc)(ii)

Omit all the words after "worked out under", substitute "Method statement 6 in subpoint SCH6 - A1(7) in Schedule   6 to the Veterans' Entitlements Act 1986 ;".

3   Application of amendments

The amendments made by items   1 and 2 apply to assessments for the 1997 - 98 year of income and later years of income.

Medicare Levy Act 1986

4   Paragraph 8(1)(b)

Repeal the paragraph, substitute:

  (b)   is entitled to a rebate under section   159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

5   Paragraph 8(1)(d)

Repeal the paragraph, substitute:

  (d)   is entitled to a rebate under section   159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

6   Paragraph 8(2)(b)

Repeal the paragraph, substitute:

  (b)   is entitled to a rebate under section   159J of the Assessment Act in respect of a person included in class 2 of the table in subsection 159J(2) of that Act, or would be so entitled apart from subsection 159J(1AA) of that Act; or

7   Paragraph 8(2)(d)

Repeal the paragraph, substitute:

  (d)   is entitled to a rebate under section   159L of that Act, or would be so entitled apart from subsection 159L(3A) of that Act;

8   Application of amendments

The amendments made by items   4 to 7 apply to assessments for the 2000 - 01 year of income and later years of income.

Notes to the Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002

Note 1

The Taxation Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Act 2002 as shown in this compilation comprises Act No.   39, 2002 amended as indicated in the Tables below.

Table of Acts

Table of Amendments