Part of a package of three bills to effect three private health insurance tiers, the bill amends the
Age Discrimination Act 2004
Income Tax Assessment Act 1936
Income Tax Assessment Act 1997
Private Health Insurance Act 2007
Taxation Administration Act 1953
Taxation (Interest on Overpayments and Early Payments) Act 1983
to reduce the amount of private health insurance rebate eligible taxpayers with complying private health insurance are entitled to when their income for surcharge purposes is above the relevant Medicare levy surcharge threshold.