Commonwealth Consolidated Acts

INCOME TAX (BEARER DEBENTURES) ACT 1971 - SECT 7

  (1)   This section applies to amounts of interest paid or credited in a temporary budget repair levy year.

  (2)   Increase the rate of tax mentioned in section   6 by 2 percentage points.

  (3)   In this section:

"temporary budget repair levy year" has the same meaning as in section   4 - 11 of the Income Tax (Transitional Provisions) Act 1997 .