General Interest Charge (Imposition) Act 1999

No. 6, 1999

General Interest Charge (Imposition) Act 1999

No. 6, 1999

An Act to impose general interest charge as a tax in some circumstances

Contents

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

2  Commencement...................................2

3  Imposition......................................2

General Interest Charge (Imposition) Act 1999

No. 6, 1999

An Act to impose general interest charge as a tax in some circumstances

[Assented to 31 March 1999]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the General Interest Charge (Imposition) Act 1999.

2  Commencement

  This Act commences on the day on which it receives the Royal Assent.

3  Imposition

 (1) General interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax.

 (2) In this section:

general interest charge means the charge worked out under Division 1 of Part IIA of the Taxation Administration Act 1953.

[Minister’s second reading speech made in—

House of Representatives on 10 December 1998

Senate on 17 February 1999]