Federal Register of Legislation - Australian Government

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Gift Duty Assessment Act 1972

Authoritative Version
  • - C1972A00097
  • No longer in force
Act No. 97 of 1972 as made
An Act relating to the Assessment of Duties on Gifts.
Date of Assent 24 Oct 1972
Date of repeal 25 Mar 2015
Repealed by Amending Acts 1970 to 1979 Repeal Act 2015

Gift Duty Assessment

No. 97 of 1972

An Act relating to the Assessment of Duties on Gifts.

[Assented to 24 October 1972]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)  This Act may be cited as the Gift Duty Assessment Act 1972.

(2.)  The Gift Duty Assessment Act 1941–1967 is in this Act referred to as the Principal Act.

(3.)  The Principal Act, as amended by this Act, may be cited as the Gift Duty Assessment Act 1941–1972.

Commencement.

2.  This Act shall come into operation on the day on which it receives the Royal Assent.

Returns by donor.

3.  Section 19 of the Principal Act is amended by omitting from sub-section (1.) the words “Three thousand” and inserting in their stead the words “Seven thousand five hundred”.

Application of amendment.

4.  The amendment of sub-section (1.) of section 19 of the Principal Act made by this Act applies only where the gift first mentioned in that section is made on or after the sixteenth day of August, One thousand nine hundred and seventy-two.

 

* Act No. 52, 1941, as amended by No. 17, 1942; No. 14, 1947; No. 80, 1950; No. 1, 1953; No. 57, 1957; No. 73, 1963; No. 93, 1966; and No. 41, 1967.