Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007

The Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007 is a compilation of the Act as it stood on 25 June 2014, including amendments up to Act No. 55, 2014. The Act imposes trustee beneficiary non-disclosure tax on the amount mentioned in paragraph 102UM(2)(a) of the Income Tax Assessment Act 1936, at a rate of 47%. The Temporary Budget Repair Levy, which increased the rate by 2 percentage points, is also specified in the Act. The Act provides information on the history of the legislation, its provisions, and any amendments.

Key Points:

Imposes trustee beneficiary non-disclosure tax on a specific amount at a rate of 47%
Introduces the Temporary Budget Repair Levy, which increased the rate by 2 percentage points
Includes information on the history of the legislation and its provisions
Provides details on amendments to the Act

Please note that this summary is based on the provided document and might not be exhaustive or accurate. For more information, please refer to the original document or other reliable sources.