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Shortfall Interest Charge (Imposition) Bill 2005

 

 

 

 

 

 

Shortfall Interest Charge (Imposition) Act 2005

 

No.      , 2005

 

 

 

 

 

   

   



 

 

 

 

 

 

Shortfall Interest Charge (Imposition) Act 2005

 

No.      , 2005

 

 

 

 

 

An Act to impose shortfall interest charge as a tax in some circumstances

   

   

   



Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Imposition.......................................................................................... 2

 



 

 

Shortfall Interest Charge (Imposition) Act 2005

No.      , 2005

 

 

 

An Act to impose shortfall interest charge as a tax in some circumstances

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Shortfall Interest Charge (Imposition) Act 2005 .

2   Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3   Imposition

             (1)  Shortfall interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax.

             (2)  In this section:

shortfall interest charge means the charge worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953 .

 

 

I hereby certify that this Bill originated in the House of Representatives and has been finally passed by the Senate and the House of Representatives.

 

 

 

Clerk of the House of Representatives

 

In the name of Her Majesty , I assent to this Act.

 

 

 

Governor-General

2005

(46/05)