SCHEDULES

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

Part 1Amendments of ITA 2007

8

1

Section 17 (repayment: tax paid at basic rate instead of starting rate or savings rate) is amended as follows.

2

In subsection (1), for “starting or savings rate” substitute “ starting rate for savings ”.

3

Accordingly, in the heading, for “starting or savings rate” substitute “ starting rate for savings ”.