Infrastructure Certificate Cancellation Tax Act 1994

No. 160, 1994

An Act to impose a tax in respect of the cancellation of infrastructure borrowing certificates

Contents

1  Short title

2  Commencement

3  Imposition of tax

4  Amount of tax

Infrastructure Certificate Cancellation Tax Act 1994

No. 160, 1994

An Act to impose a tax in respect of the cancellation of infrastructure borrowing certificates

[Assented to 16 December 1994]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Infrastructure Certificate Cancellation Tax Act 1994.

2  Commencement

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

3  Imposition of tax

  Tax is imposed on an infrastructure certificate cancellation amount within the meaning of section 159GZZZZH of the Income Tax Assessment Act 1936.

4  Amount of tax

  The amount of the tax imposed by this Act is equal to the infrastructure certificate cancellation amount.