Document ID: chunk:federal_register_of_legislation:C2021A00052:clause:1_1
Version: federal_register_of_legislation:C2021A00052
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 1666–2451

1  Section 22‑35
Repeal the section, substitute:

22‑35  Private health insurance singles thresholds
 (1) A person's singles tier 1 threshold for the 2021‑22 and 2022‑23 financial year is $90,000. This amount is indexed for later financial years under section 22‑45.
 (2) A person's singles tier 2 threshold for the 2021‑22 and 2022‑23 financial year is $105,000. This amount is indexed for later financial years under section 22‑45.
 (3) A person's singles tier 3 threshold for the 2021‑22 and 2022‑23 financial year is $140,000. This amount is indexed for later financial years under section 22‑45.
Note: A person may be a tier 1 earner, tier 2 earner or tier 3 earner if the person's income for surcharge purposes exceeds the applicable threshold for that tier: see section 22‑30.