6Temporary budget repair levy

#### 6 Temporary budget repair levy (1) This section applies to the temporary budget repair levy years. (2) Increase the percentage mentioned in section 5 by 2 percentage points. Increase limited if certain contributions already taxed (3) However, do not increase the percentage in relation to a person to the extent the increase would result in the sum of the following amounts payable on the person’s excess concessional contributions for a temporary budget repair levy year exceeding 95% of those excess concessional contributions: (a) income tax; (b) excess non‑concessional contributions tax. Definitions (4) In this section: > excess concessional contributions has the same meaning as in the Income Tax Assessment Act 1997. > income tax has the same meaning as in the Income Tax Assessment Act 1997. > temporary budget repair levy year has the same meaning as in section 4‑11 of the Income Tax (Transitional Provisions) Act 1997.