CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Medicare levy adjustmentMedicare levy adjustment
Start here
Get a plain-English read of Medicare levy adjustment
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).
Medicare levy adjustment
A Medicare levy adjustment is NOT to be allowed where withholding amounts have been calculated using Scales 1, 3, 4 or 5. The amount obtained using Scales 2, 6 or 7, after allowing for any FTB or tax offsets, is reduced by any amount of Medicare levy adjustment applicable.