Income Tax (Bearer Debentures) Amendment (Temporary Budget Repair Levy) Act 2014 (43 of 2014)
Schedule 1 Temporary budget repair levy
Income Tax (Bearer Debentures) Act 1971
1 At the end of the Act
Add:
7 Temporary budget repair levy
(1) This section applies to amounts of interest paid or credited in a temporary budget repair levy year.
(2) Increase the rate of tax mentioned in section 6 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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