1Income Tax (Untainting Tax) Act 1998

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Income Tax (Untainting Tax) Act 1998

 

No. 65, 1998

 

 

 

 

 

 

 

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Income Tax (Untainting Tax) Act 1998

 

No. 65, 1998

 

 

 

 

An Act to impose a tax in relation to untainting tainted share capital accounts of companies

 

 

 

Contents

1 Short title..................................1

2 Commencement..............................1

3 Imposition of tax..............................2

 

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Income Tax (Untainting Tax) Act 1998

No. 65, 1998

 

 

 

An Act to impose a tax in relation to untainting tainted share capital accounts of companies

[Assented to 30 June 1998]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Income Tax (Untainting Tax) Act 1998.

2  Commencement

  This Act commences at the same time as section 1 of the Taxation Laws Amendment (Company Law Review) Act 1998.

3  Imposition of tax

  Tax payable under section 160ARDT or 160ARDY of the Income Tax Assessment Act 1936 is imposed.

 

 

[Minister's second reading speech made in—

House of Representatives on 8 April 1998

Senate on 23 June 1998]

 

(57/98)