Superannuation (Departing Australia Superannuation Payments Tax) Amendment (Temporary Budget Repair Levy) Act 2014 (51 of 2014)
Schedule 1 Temporary budget repair levy
Superannuation (Departing Australia Superannuation Payments Tax) Act 2007
1 At the end of the Act
Add:
6 Temporary budget repair levy
(1) This section applies to departing Australia superannuation payments received in a temporary budget repair levy year.
(2) Increase:
(a) the percentage mentioned in paragraph 5(1)(b) by 3 percentage points; and
(b) the percentage mentioned in paragraph 5(1)(c) by 2 percentage points; and
(c) the percentage mentioned in paragraph 5(2)(a) by 2 percentage points.
(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.
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