Document ID: chunk:federal_register_of_legislation:C2014A00044:clause:1_8
Version: federal_register_of_legislation:C2014A00044
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 2608–3198

8  Temporary budget repair levy
 (1) This section applies to payments from an FHSA made in a temporary budget repair levy year.
 (2) Increase the amount of the adjusted maximum tax rate by 2 percentage points for the purpose of working out the clawback tax amount (see section 6) for the FHSA in relation to the payment.
 (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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