Summary
Part of a package of three bills to increase maximum excess levels for private hospital cover, the bill amends the
A New Tax System (Medicare Levy Surcharge—Fringe Benefits) Act 1999
to: give effect to new maximum voluntary excess levels that are permitted for a complying health insurance policy to exempt the holder from the Medicare Levy Surcharge; and remove the grandfathering provisions that provided Medicare levy surcharge exemptions for certain policies that pre-date the commencement of the
Private Health Insurance Act 2007
.