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).
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