Document ID: chunk:federal_register_of_legislation:C2014C00722:clause:3_2a
Version: federal_register_of_legislation:C2014C00722
Segment Type: clause
Provision Reference: sch 3 cl 2A
Character Range: 8775–9308

2A  Temporary budget repair levy
 (1) This regulation applies to the temporary budget repair levy years.

Increase in highest rate
 (2) These regulations have effect as if the highest rate specified in each of the following was increased by 2 percentage points:
 (a) the table in Part I of Schedule 7 to the Income Tax Rates Act 1986;
 (b) the table in Part II of that Schedule.
 (3) In this regulation:
temporary budget repair levy year has the same meaning as in section 4‑11 of the Income Tax (Transitional Provisions) Act 1997.