10Imposition of Medicare levy surcharge

10 Imposition of Medicare levy surcharge

Surcharge imposed on reportable fringe benefits total (1) Medicare levy surcharge is imposed on the reportable fringe benefits total for a year of income of a person who is a resident of Australia at any time during the year of income.

Note: Subdivision 61‑L (tax offset for Medicare levy surcharge (lump sum payments in arrears)) of the Income Tax Assessment Act 1997 might provide a tax offset for a person if Medicare levy surcharge is payable by the person.

Who is a resident of Australia—general rule (2) A person is a resident of Australia if he or she is a resident of Australia as defined in subsection 6(1) of the Assessment Act. Application: 1999‑2000 year of income onwards (4) Subsection (1) applies to the 1999‑2000 year of income and later years of income.