Tax Laws Amendment (Interest on Non-Resident Trust Distributions) (Temporary Budget Repair Levy) Act 2014 (47 of 2014)

Schedule 1   Temporary budget repair levy

Income Tax Assessment Act 1936

1   After subsection 102AAM(10)

Insert:

(10A) Paragraph (10)(b) has effect as if the maximum rate specified as mentioned in that paragraph was increased by 2 percentage points for assessment years of income that correspond to the temporary budget repair levy years (within the meaning of section 4-11 of the Income Tax (Transitional Provisions) Act 1997).