SUPERANNUATION (EXCESS UNTAXED ROLL-OVER AMOUNTS TAX) ACT 2007

SECTION 6   TEMPORARY BUDGET REPAIR LEVY  

6(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.

6(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.

6(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 .