Document ID: chunk:federal_register_of_legislation:C2025C00125:section:106q:p3
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 106Q (pt 3/3)
Character Range: 237192–238732

(4) includes any cents, the cents must be disregarded.
 (5) For the purposes of subsection (4A), the reference period in a particular quarter in a year is the period described by the Australian Statistician as the pay period ending on or before a specified day that is the third Friday of the middle month of that quarter.
 (6) The Minister must cause to be published in the Gazette:
 (a) as soon as possible after the commencement of this section, the minimum prescribed amount, the intermediate prescribed amounts and the maximum prescribed amount, in respect of the year of income ending on 30 June 1997; and
 (b) before the start of the 1998‑99 year of income or a later year of income, the minimum prescribed amount, the intermediate prescribed amounts and the maximum prescribed amount in respect of that year of income.
 (7) Subsection (1) does not require a person to pay an amount for a year of income if, under section 8 of the Medicare Levy Act 1986:
 (a) no Medicare levy is payable by the person on the person's taxable income for the year of income; or
 (b) the amount of Medicare levy payable by the person on the person's taxable income for the year of income is reduced.
 (8) This section applies in relation to the 2004‑05 year of income as if the table in subsection (1) were omitted and the following table were substituted:

HEC repayment thresholds for the 2004‑05 year of income
Item                                                     Person's HEC repayment income in respect of year of income  Percentage applicable