INCOME TAX (SUPERANNUATION PAYMENTS WITHHOLDING TAX) ACT 2002 (REPEALED)

S 5 repealed by No 15 of 2007, s 3 and Sch 1 item 405, applicable to the 2007-08 income year and later years. S 5 formerly read:

SECTION 5 RATES OF TAX  
5(1)
The rates of income tax imposed by this Act are as follows:

(a) for so much of the departing Australia superannuation payment as is undeducted contributions - nil;

(b) for so much of the departing Australia superannuation payment as is a post-June 1994 invalidity component - nil;

(c) for so much of the departing Australia superannuation payment as is the untaxed element of the post-June 83 component - 40%;

(d) for the remainder of the departing Australia superannuation payment - 30%.

5(2)
A term that is used in this section that is defined in section 27A of the Assessment Act has the same meaning in this section as it would have in section 27A of the Assessment Act if references to ETPs in that section included references to departing Australia superannuation payments.