{"id":"C2004A03871","name":"Close Corporations (Additional Liquidators' Recovery Trust Fund Contribution) Act 1989","slug":"close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"123 of 1989","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":36878,"registerId":"commonwealth-C2004A03871-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Close Corporations (Additional Liquidators' Recovery Trust Fund Contribution) Act 1989","content":"![1.jpg](image.001.jpeg)\n\nClose Corporations (Additional Liquidators’ Recovery Trust Fund Contribution) Act 1989\n\nNo. 123 of 1989\n\nAn Act to impose on close corporations a tax known as an additional liquidators’ trust fund contribution\n\n\\[Assented to 14 July 1989\\]\n\nBE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:\n\nShort title\n\n1. This Act may be cited as the Close Corporations (Additional Liquidators’ Recovery Trust Fund Contribution) Act 1989.\n\nCommencement\n\n2. This Act commences on the same day as section 128 of the Close Corporations Act 1989.\n\nIncorporation\n\n3. The Close Corporations Act 1989 is incorporated, and shall be read as one, with this Act.\n\n  \nImposition of tax\n\n4. Any tax by the name of additional liquidators’ trust fund contribution that is payable by a close corporation under section 128 of the Close Corporations Act 1989 is imposed by this Act.\n\nAmount of tax\n\n5. The amount of the tax is such amount (not exceeding $50) as is determined in writing by the Commission.\n\n\\[Minister’s second reading speech made in—\n\nHouse of Representatives on 25 May 1988\n\nSenate on 14 October 1988\\]","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2567},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is the original 1989 enactment; the legislation maintains its original narrow scope as a simple taxing statute imposing a specific supplementary levy on close corporations for the liquidators' trust fund."},"complexity_factors":["Incorporation by reference to the Close Corporations Act 1989 for all definitions and machinery provisions","Only two substantive provisions (imposition of tax and setting of amount)","No internal defined terms or interpretation section","Simple monetary cap ($50) with no tiered calculations or exceptions"],"plain_english_summary":"This Act creates an \"additional liquidators' trust fund contribution\" — a small levy payable by close corporations when they are wound up under the Close Corporations Act 1989. The Commission sets the contribution (capped at $50), and the Act is to be read with the Close Corporations Act so its definitions and procedures apply. It ensures funds are available to pay liquidators."}},"importantCases":[],"_links":{"self":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989","history":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989/history","analysis":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989/analysis","conflicts":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989/conflicts","importantCases":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989/important-cases","documents":"/api/acts/close-corporations-additional-liquidators-recovery-trust-fund-contribution-act-1989/documents"}}