Section 1 - Income Tax (Bearer Debentures) Act 1971 - Income Tax (Bearer Debentures) Act 1971

1Income Tax (Bearer Debentures) Act 1971

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Income Tax (Bearer Debentures) Act 1971

Act No. 55 of 1971 as amended

Compilation start date: 25 June 2014

Includes amendments up to: Act No. 43, 2014

About this compilation

This compilation

This is a compilation of the Income Tax (Bearer Debentures) Act 1971 as in force on 25 June 2014. It includes any commenced amendment affecting the legislation to that date.

This compilation was prepared on 2 July 2014.

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of each amended provision.

Uncommenced amendments

The effect of uncommenced amendments is not reflected in the text of the compiled law but the text of the amendments is included in the endnotes.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled law has expired or otherwise ceased to have effect in accordance with a provision of the law, details are included in the endnotes.

Contents

1 Short title

2 Commencement

3 Interpretation

4 Incorporation

5 Imposition of tax

6 Rate of tax

7 Temporary budget repair levy

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Endnote 5—Uncommenced amendments [none]

Endnote 6—Modifications [none]

Endnote 7—Misdescribed amendments [none]

Endnote 8—Miscellaneous [none]

An Act to impose Income Tax upon Interest paid or credited by Companies in respect of certain Debentures

ad = added or inserted	pres = present
am = amended	prev = previous
c = clause(s)	(prev) = previously
Ch = Chapter(s)	Pt = Part(s)
def = definition(s)	r = regulation(s)/rule(s)
Dict = Dictionary	Reg = Regulation/Regulations
disallowed = disallowed by Parliament	reloc = relocated
Div = Division(s)	renum = renumbered
exp = expired or ceased to have effect	rep = repealed
hdg = heading(s)	rs = repealed and substituted
LI = Legislative Instrument	s = section(s)
LIA = Legislative Instruments Act 2003	Sch = Schedule(s)
mod = modified/modification	Sdiv = Subdivision(s)
No = Number(s)	SLI = Select Legislative Instrument
o = order(s)	SR = Statutory Rules
Ord = Ordinance	Sub‑Ch = Sub‑Chapter(s)
orig = original	SubPt = Subpart(s)
par = paragraph(s)/subparagraph(s)<br>/sub‑subparagraph(s)

Act	Number and year	Assent	Commencement	Application, saving and transitional provisions
Income Tax (Bearer Debentures) Act 1971	55, 1971	25 May 1971	25 May 1971
Income Tax (Bearer Debentures) Act 1974	128, 1974	6 Dec 1974	6 Dec 1974	—
Income Tax (Bearer Debentures) Amendment Act 1983	107, 1983	23 Nov 1983	23 Nov 1983	—
Taxation Laws (Miscellaneous Provisions) Act 1986	109, 1986	4 Nov 1986	4 Nov 1986	—
Taxation Laws Amendment (Rates and Rebates) Act 1989	70, 1989	21 June 1989	21 June 1989	s. 6
Taxation Laws Amendment Act (No. 2) 1997	95, 1997	30 June 1997	Schedule 5 (item10): (a)	Sch. 5 (item 11) [see Table A]
Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Act 2006	55, 2006	19 June 2006	Schedule 1 (items 6, 32(2)): 1 July 2006	Sch. 1 (item 32(2)) [see Table A]
Income Tax (Bearer Debentures) Amendment (Temporary Budget Repair Levy) Act 2014	43, 2014	25 June 2014	Sch 1: 25 June 2014 (see s 2(1)) Remainder: Royal Assent	—

Provision affected	How affected
s. 6.....................	am. No. 128, 1974; No. 107, 1983; No. 109, 1986; No. 70, 1989
	rs. No. 95, 1997
	am. No. 55, 2006
s7......................	ad No 43, 2014