SCHEDULES

SCHEDULE 1Abolition of starting and savings rates and creation of starting rate for savings

Part 1Amendments of ITA 2007

16

In section 213(2) (withdrawal or reduction of EIS relief: value received by investor)—

a

in the formula, for “S” substitute “ EISR ”, and

b

for the definition of “S” substitute “ EISR is the EIS rate. ”