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Income Tax (Untainting Tax) Bill 1998

 

 

 

 

Income Tax (Untainting Tax) Act 1998

 

No. 65, 1998

 

 

 

 

   

   

   



 

 

 

 

Income Tax (Untainting Tax) Act 1998

 

No. 65, 1998

 

 

 

 

An Act to impose a tax in relation to untainting tainted share capital accounts of companies

   

   

   



Contents

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

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

3............ Imposition of tax................................................................................

 



Income Tax (Untainting Tax) Act 1998

No. 65, 1998

 

 

 

An Act to impose a tax in relation to untainting tainted share capital accounts of companies

[ Assented to 30 June 1998 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Income Tax (Untainting Tax) Act 1998 .

2   Commencement

                   This Act commences at the same time as section 1 of the Taxation Laws Amendment (Company Law Review) Act 1998 .

3   Imposition of tax

                   Tax payable under section 160ARDT or 160ARDY of the Income Tax Assessment Act 1936 is imposed.

 

   

[ Minister's second reading speech made in

House of Representatives on 8 April 1998

Senate on 23 June 1998 ]

 

(57/98)