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

 

 

 

 

 

 

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

 

No. 145, 2007

 

 

 

 

 

An Act to impose trustee beneficiary non-disclosure tax, and for related purposes

   

   

   



Contents

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

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

3............ Imposition of trustee beneficiary non-disclosure tax......................... 2

4............ Rate of trustee beneficiary non-disclosure tax.................................... 2

 



 

 

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

No. 145, 2007

 

 

 

An Act to impose trustee beneficiary non-disclosure tax, and for related purposes

[ Assented to 24 September 2007 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 and 2 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

24 September 2007

2.  Sections 3 and 4

At the same time as Schedule 4 to the Tax Laws Amendment (2007 Measures No. 4) Act 2007 commences.

 

Note:          This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

             (2)  Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Imposition of trustee beneficiary non-disclosure tax

                   Tax payable under paragraph 102UM(2)(a) of the Income Tax Assessment Act 1936 is imposed on the amount mentioned in that paragraph.

4   Rate of trustee beneficiary non-disclosure tax

                   The rate of tax imposed by this Act on the amount is 46.5%.



 

 [ Minister’s second reading speech made in—

House of Representatives on 21 June 2007

Senate on 14 August 2007 ]

(132/07)