Commonwealth Numbered Acts

SUPERANNUATION (EXCESS UNTAXED ROLL-OVER AMOUNTS TAX) ACT 2007 (NO. 12, 2007) - SECT 5

             (1)  The amount of the tax is the percentage mentioned in subsection (2) of the excess untaxed roll‑over amount.

             (2)  Work out the percentage in the following way:

                     (a)  first, work out the maximum rate specified in column 3 of the table in Part I of Schedule 7 to the Income Tax Rates Act 1986 that applies for the income year;

                     (b)  next, add 1.5%.