Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if the roll - over superannuation benefit that consists of, or includes, the excess untaxed roll - over amount is taken to be received in a temporary budget repair levy year.
(2) Increase the percentage worked out under subsection 5(2) by 2 percentage points for the purpose of working out the amount of the tax.
(3) In this section:
"roll-over superannuation benefit" has the same meaning as in the Income Tax Assessment Act 1997 .
"temporary budget repair levy year" has the same meaning as in section 4 - 11 of the Income Tax (Transitional Provisions) Act 1997 .