Document ID: chunk:federal_register_of_legislation:C2017A00071:section:9
Version: federal_register_of_legislation:C2017A00071
Segment Type: section
Provision Reference: s 9
Character Range: 6924–8151

9  Credits to the Medicare Guarantee Fund (Treasury) Special Account—later budget years
 (1) As soon as practicable after the release of the budget for:
 (a) the budget year beginning on 1 July 2018; or
 (b) a later budget year;
the Treasurer must make a determination under section 7 that:
 (c) is expressed to be for the budget year; and
 (d) provides that a specified amount is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at whichever of the following times is applicable:
 (i) if the determination is registered before the start of the budget year—the specified time;
 (ii) otherwise—the commencement of the determination.
 (2) The specified time referred to in subparagraph (1)(d)(i):
 (a) must not be later than the start of the budget year; and
 (b) must not be earlier than the commencement of the determination.

Amount specified in determination
 (3) The amount specified in the determination must be the amount the Treasurer considers to be sufficient to cover the funding of:
 (a) Medicare benefit payments; and
 (b) PBS payments;
for the period:
 (c) beginning when the specified amount is credited in accordance with the determination; and
 (d) ending at the end of the budget year.