Federal Register of Legislation - Australian Government

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General Interest Charge (Imposition) Act 1999

  • - C2004A00400
  • In force - Superseded Version
  • View Series
Act No. 6 of 1999 as made
An Act to impose general interest charge as a tax in some circumstances
Administered by: Treasury
Originating Bill: General Interest Charge (Imposition) Bill 1998
Date of Assent 31 Mar 1999
Table of contents.

 

 

 

 

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.......................................................................................................

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

3  Imposition.....................................................................................................

 


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.

 

 

    

(242/98)

 

[Minister’s second reading speech made in—

House of Representatives on 10 December 1998

Senate on 17 February 1999]