Document ID: chunk:federal_register_of_legislation:C2014A00043:clause:1_7
Version: federal_register_of_legislation:C2014A00043
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 2475–2959

7  Temporary budget repair levy
 (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.

[Minister's second reading speech made in—
House of Representatives on 13 May 2014
Senate on 16 June 2014]

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