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Tax Laws Amendment (2010 Measures No. 5) Bill 2011

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7069

2010-2011

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Tax Laws Amendment (2010 Measures No. 5) Bill 2010

 

 

(1)     Schedule 2, item 7, page 7 (lines 12 to 15), omit subsection 247-20(5), substitute:

             (5)  The rate (the adjusted loan rate ), at a particular time, is the midpoint at that time between the Reserve Bank of Australia’s Indicator Lending Rate for Standard Variable Housing Loans and Indicator Lending Rate for Personal Unsecured Loans — Variable Rate.

[adjusted loan rate]

(2)     Schedule 2, item 12, page 10 (lines 15 to 18), omit subsection 247-80(4), substitute:

             (4)  The rate (the adjusted loan rate ), at a particular time, is the midpoint at that time between the Reserve Bank of Australia’s Indicator Lending Rate for Standard Variable Housing Loans and Indicator Lending Rate for Personal Unsecured Loans — Variable Rate.

[adjusted loan rate]