Second Reading Speeches

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Amendment (Excess Levels for Private Health Insurance Policies) Bill 2018

Type
Government
Portfolio
Health
Originating house
House of Representatives
Status
Act
Parliament no
45

Track (What's this?)

Permalink

Summary

Part of a package of three bills to increase maximum excess levels for private hospital cover, the bill amends the

A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
to: give effect to new maximum voluntary excess levels that are permitted for a complying health insurance policy to exempt the holder from the Medicare Levy Surcharge; and remove the grandfathering provisions that provided Medicare levy surcharge exemptions for certain policies that pre-date the commencement of the
Private Health Insurance Act 2007
.