Taxation (Interest on Non-resident Trust Distributions) Act 1990

No. 124 of 1990

An Act to impose an interest charge in respect of distributions from certain trust estates

Contents

1  Short title

2  Commencement

3  Imposition of interest charge

Taxation (Interest on Non-resident Trust Distributions) Act 1990

No. 124 of 1990

An Act to impose an interest charge in respect of distributions from certain trust estates

[Assented to 28 December 1990]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Taxation (Interest on Non-resident Trust Distributions) Act 1990.

2  Commencement

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

3  Imposition of interest charge

  Interest that is payable in accordance with section 102AAM of the Income Tax Assessment Act 1936 is imposed by this Act.