SCHEDULES
SCHEDULE 1Abolition of starting and savings rates and creation of starting rate for savings
Part 1Amendments of ITA 2007
22
1
Section 498 (types of income tax for purposes of section 497) is amended as follows.
2
In subsection (1), in Type 3A, for “savings rate” substitute “
basic rate
”
.
3
In that subsection, in Type 4, omit “or at the savings rate”.
4
In subsection (2A), for “savings rate” substitute “
basic rate
”
.