Commonwealth Numbered Acts

TAXATION (TRUSTEE BENEFICIARY NON-DISCLOSURE TAX) (NO. 1) AMENDMENT (TEMPORARY BUDGET REPAIR LEVY) ACT 2014 (NO. 54, 2014) - SCHEDULE 1

Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007

1  At the end of the Act

Add:

5   Temporary budget repair levy

             (1)  This section applies to the temporary budget repair levy years.

             (2)  Increase the rate of tax mentioned in section 4 by 2 percentage points.

             (3)  In this section:

"temporary budget repair levy year" means a year of income corresponding to a temporary budget repair levy year (within the meaning of section 4- 11 of the Income Tax (Transitional Provisions) Act 1997 ).