Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Act 2011 (16 of 2011)

Schedule 1   Main amendments

Income Tax Assessment Act 1997

2   At the end of subsection 4-10(3)

Add:

Note 2: In addition to the income tax worked out under this section, you may also have to pay additional income tax (known as temporary flood and cyclone reconstruction levy) for the 2011-12 financial year. See section 4-10 of the Income Tax (Transitional Provisions) Act 1997.