Document ID: chunk:federal_register_of_legislation:C2018A00101:clause:1_1
Version: federal_register_of_legislation:C2018A00101
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 3544–4432

1  At the end of Chapter 2
Add:

Part 2‑4—Excess levels for medicare levy and medicare levy surcharge purposes

Division 42—Introduction

42‑1  What this Part is about
      This Part sets out the excess levels for complying health insurance products that relate to whether a person is liable to pay medicare levy or medicare levy surcharge.

Division 45—Excess levels for medicare levy and medicare levy surcharge purposes

45‑1  Excess level amounts
  For the purposes of the A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999 and the Medicare Levy Act 1986, any excess payable in respect of benefits under a *complying health insurance policy that provides *hospital cover must not be more than:
 (a) $750 in any 12 month period, in relation to a policy under which only one person is insured; and
 (b) $1,500 in any 12 month period, in relation to any other policy.