Commonwealth Consolidated Acts

SUPERANNUATION (EXCESS UNTAXED ROLL-OVER AMOUNTS TAX) ACT 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 2% .