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.
[Minister’s second reading speech made in—
House of Representatives on 10 December 1998
Senate on 17 February 1999]