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.