Commonwealth act

Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

102 of 1989

Collection

act

Plain English Summary

1/10 complexity

This Act establishes the legal authority to impose certain government fees tied to acquiring shares—principally in takeovers—limited to the taxation component of those fees as prescribed under the Companies (Acquisition of Shares—Fees) Act 1980. It matters because it provides the constitutional basis for charging these tax-related takeover fees, affecting companies and investors involved in significant share purchases.

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Current sections

Direct links to the current provisions in Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989.

Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989

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Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989

No. 102 of 1989

An Act to impose some of the fees prescribed under the Companies (Acquisition of Shares—Fees) Act 1980

[Assented to 30 June 1989]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title

This Act may be cited as the Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989.

Commencement

This Act commences on the day on which Part 9 of the Co-operative Scheme Legislation Amendment Act 1989 commences.

Interpretation

(1) An expression has the same meaning in this Act as in the Companies (Acquisition of Shares—Fees) Act 1980.

(2) The Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 applies to this Act.

Imposition of certain fees

4. This Act imposes such of the fees prescribed under the Companies (Acquisition of Shares—Fees) Act 1980 as are so prescribed by virtue of subsection 4 (2) of that Act.

[Minister’s second reading speech made in—

House of Representatives on 12 April 1988

Senate on 26 May 1989]

Source text

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

1 Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989

Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989

No. 102 of 1989

An Act to impose some of the fees prescribed under the Companies (Acquisition of Shares—Fees) Act 1980

[Assented to 30 June 1989]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title

This Act may be cited as the Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989.

Commencement

This Act commences on the day on which Part 9 of the Co-operative Scheme Legislation Amendment Act 1989 commences.

Interpretation

(1) An expression has the same meaning in this Act as in the Companies (Acquisition of Shares—Fees) Act 1980.

(2) The Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 applies to this Act.

Imposition of certain fees

4. This Act imposes such of the fees prescribed under the Companies (Acquisition of Shares—Fees) Act 1980 as are so prescribed by virtue of subsection 4 (2) of that Act.

[Minister’s second reading speech made in—

House of Representatives on 12 April 1988

Senate on 26 May 1989]