{"id":"C1917A00034","name":"War-time Profits Tax Act 1917","slug":"war-time-profits-tax-act-1917","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"34 of 1917","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":19083,"registerId":"commonwealth-C1917A00034-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"War-time Profits Tax Act 1917","content":"WAR-TIME PROFITS TAX.\n\nNo. 34 of 1917.\n\nAn Act to impose a Tax upon Profits.\n\n\\[Assented to 22nd September, 1917.\\]\n\nBE it enacted by the King’s Most Excellent Majesty, 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 War-time Profits Tax Act 1917.\n\nDuration.\n\n2. This Act shall cease to have effect on a date to be fixed by Proclamation.\n\nIncorporation.\n\n3. The War-time Profits Tax Assessment Act 1917 shall be incorporated and read as one with this Act.\n\nImposition of war-time profits tax.\n\n4. War-time profits tax is imposed on the war-time profits liable to tax under the War-time Profits Tax Assessment Act 1917 arising from any business at the-following rates, namely:—\n\n(a) on the war-time profits arising in the financial year ending at the thirtieth day of June One thousand nine hundred and sixteen—fifty per centum of those profits ;\n\n(b) on the war-time profits arising in each succeeding financial year—seventy-five per centum of those profits.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1378},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act maintains its narrow, original purpose of imposing specific tax rates on wartime excess profits. It does not expand beyond the taxation scope indicated by its title and preamble."},"complexity_factors":["Only 4 operative sections totaling less than 200 words","Substantive assessment rules, definitions, and compliance mechanics contained in separate companion legislation","Simple two-tier rate structure with clear date thresholds (pre-1916 vs post-1916)","Minimal defined terms within this Act itself","Straightforward incorporation by reference mechanism (section 3)"],"plain_english_summary":"This Act levies a temporary windfall tax on businesses’ “war-time” profits—profits above normal pre‑war levels—aimed at curbing war profiteering. It sets a 50% rate for 1915–16 excess profits and 75% for subsequent wartime years.\n\nIt applies to Australian businesses that saw substantially higher wartime earnings and works together with the War‑time Profits Tax Assessment Act, which defines taxable profits and handles calculation, exemptions, and enforcement."}},"importantCases":[],"_links":{"self":"/api/acts/war-time-profits-tax-act-1917","history":"/api/acts/war-time-profits-tax-act-1917/history","analysis":"/api/acts/war-time-profits-tax-act-1917/analysis","conflicts":"/api/acts/war-time-profits-tax-act-1917/conflicts","importantCases":"/api/acts/war-time-profits-tax-act-1917/important-cases","documents":"/api/acts/war-time-profits-tax-act-1917/documents"}}