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Bill

Medicare Guarantee (Consequential Amendments) Bill 2017

passed, as at 2017-06-26. Treasury portfolio.

Sponsor
Not recorded
Portfolio
Treasury

Recorded stages

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Plain-language summary

Written by a model from the explanatory memorandum; not the record, as at 2017-06-01.

This bill is part of a package that creates the Medicare Guarantee Fund, which would split into a Treasury and a Health special account.

From 1 July 2017 or later, MBS and PBS payments would be automatically taken from and paid out of the Health special account.

The Treasurer would each year credit the Treasury special account with an amount matching estimated liabilities and transfer that sum to the Health account, with top-up mechanisms to cover shortfalls.

The package affects the Department of Health, the Department of the Treasury, and recipients of Medicare and Pharmaceutical Benefits Scheme payments.

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