Medicare Guarantee (2020-21 Credit No. 1) Determination 2020

I, JOSH FRYDENBERG, Treasurer, make this determination under section 7 of the Medicare Guarantee Act 2017.

Dated 24 June 2020

JOSH FRYDENBERG 

Treasurer 

1.                  Name of Determination

This determination is the Medicare Guarantee (2020-21 Credit No. 1) Determination 2020.

2.                  Commencement

This determination commences on the day after the day on which it is made.

Note: Section 7 of the Medicare Guarantee Act 2017 provides that this determination is a notifiable instrument as defined by section 11 of the Legislation Act 2003.

3.                  Authority

This determination is made under section 7 of the Medicare Guarantee Act 2017.

4.                  Crediting of amounts

An amount of $37,245,985,000.00 is to be credited to the Medicare Guarantee Fund (Treasury) Special Account at the start of 1 July 2020 for the budget year beginning on 1 July 2020.

Note: The Medicare Guarantee Fund (Treasury) Special Account is the special account established by section 6 of the Medicare Guarantee Act 2017.