Document ID: chunk:federal_register_of_legislation:C2017A00071:section:8
Version: federal_register_of_legislation:C2017A00071
Segment Type: section
Provision Reference: s 8
Character Range: 5933–6924

8  Credit to the Medicare Guarantee Fund (Treasury) Special Account—budget year beginning on 1 July 2017
 (1) As soon as practicable after the commencement of this section, the Treasurer must make a determination under section 7 that:
 (a) is expressed to be for the budget year beginning on 1 July 2017; and
 (b) 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 1 July 2017—the start of 1 July 2017;
 (ii) otherwise—the commencement of the determination.

Amount specified in determination
 (2) 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.