Nov 12, 2024
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🎯 Schedule 1 - Medicare Levy Parameters applies to;
1. Regular Payees who have advised they are claiming a Medicare Levy Reduction in Question 8 of the Medicare Levy Variation Declaration (NAT 0929) and have either a Spouse (Question 9) or Dependant Children (Question 12). (The Payee's Tax Treatment Code begins with RT and the sixth identifier is 0 - 9 or A).
2. Regular Payees who have advised they are claiming a HALF Medicare Levy Exemption in Question 6, in addition to the Medicare Levy Reduction in Question 8 of the Medicare Levy Variation Declaration (NAT 0929) and have either a Spouse (Question 9) or Dependant Children (Question 12). (The Payee's Tax Treatment Code begins with RT, the fifth identifier is H and the sixth is 0 - 9 or A).