Commonwealth legislation

Australian Industry Development Corporation (Liability to Taxation) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

156 of 1976

Collection

legislative instrument

Plain English Summary

1/10 complexity

What this does:

These regulations make the Australian Industry Development Corporation (a government-owned company) liable to pay payroll tax (a state tax on wages paid to employees) just like private businesses.

Who it affects:

The Australian Industry Development Corporation (AIDC) — it must now pay payroll tax to each state.
The states of New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania — they can collect this tax from the AIDC.

Why it matters:

Normally, government bodies are exempt from state taxes. These regulations remove that exemption for the AIDC specifically for payroll tax, ensuring the government-owned corporation competes on a level playing field with private sector employers. The regulations reference the specific payroll tax laws of each state from 1971 and automatically apply any future amendments to those laws.

JSON API Tax / GST / superannuation

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Australian Industry Development Corporation (Liability to Taxation) Regulations.

Australian Industry Development Corporation (Liability to Taxation) Regulations

Commonwealth Coat of Arms of Australia

Statutory Rules

1976 No. 156

REGULATIONS UNDER THE AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970.*

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Australian Industry Development Corporation Act 1970.

Dated this twenty-second day of July, 1976.

John R. Kerr

Governor-General.

By His Excellency's Command,

Signature of Minister of State for Post and Telecommunication for and on behalf of the Treasurer

Minister of State for Post and Telecommunications for and on behalf of the Treasurer

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION (LIABILITY TO TAXATION) REGULATIONS

Citation.

These Regulations may be cited as the Australian Industry Development Corporation (Liability to Taxation) Regulations.

Liability to State pay-roll tax.

The Corporation is subject to taxation under each of the following laws or under that law as amended and in force from time to time:—

(a) Pay-roll Tax Act, 1971 of the State of New South Wales;

(b) Pay-roll Tax Act 1971 of the State of Victoria;

(d) Pay-roll Tax Act, 1971 of the State of South Australia;

(e) Pay-roll Tax Act, 1971 of the State of Western Australia;

(f) Pay-roll Tax Act 1971 of the State of Tasmania.

* Notified in the Australian Government Gazette on 26 July 1976.

Printed by Authority by the Government Printer of Australia

17744/75—Recommended retail price 10c 10/21.6.1976

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Australian Industry Development Corporation (Liability to Taxation) Regulations