Commonwealth act

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This Act has been repealed and is no longer in force. It is retained for historical reference.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

103 of 1989

Collection

act

Plain English Summary

1/10 complexity

This Act provides a constitutional vehicle to impose and collect the portion of securities-industry charges that are legally taxes, separate from regulatory or service fees set by the Securities Industry (Fees) Act 1980. It affects companies and financial entities that pay those fees and preserves the national fee regime’s legal validity by preventing Section 55-style challenges to bundled taxation and regulatory measures.

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 Securities Industry (Fees: Taxation Component) Act 1989.

Securities Industry (Fees: Taxation Component) Act 1989

View image in the official source

Securities Industry (Fees: Taxation Component) Act 1989

No. 103 of 1989

An Act to impose some of the fees prescribed under the Securities Industry (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 Securities Industry (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 Securities Industry (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 Securities Industry (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 Securities Industry (Fees: Taxation Component) Act 1989

Securities Industry (Fees: Taxation Component) Act 1989

No. 103 of 1989

An Act to impose some of the fees prescribed under the Securities Industry (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 Securities Industry (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 Securities Industry (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 Securities Industry (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]