Minerals Resource Rent Tax Repeal and Other Measures Act 2014 (96 of 2014)

Schedule 1   Minerals resource rent tax

Part 2   Consequential amendments

Income Tax Assessment Act 1997

32   Subsection 995-1(1) (definition of benchmark instalment rate )

Repeal the definition, substitute:

benchmark instalment rate has the meaning given by sections 45-360 and 45-530 in Schedule 1 to the Taxation Administration Act 1953.