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Bank Account Debits Tax Amendment Act 1984

  • - C2004A02967
  • No longer in force
Act No. 103 of 1984 as made
An Act to amend the Bank Account Debits Tax Act 1982
Date of Assent 10 Oct 1984
Date of repeal 10 Dec 2015
Repealed by Amending Acts 1980 to 1989 Repeal Act 2015
 

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103, 1984

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - LONG TITLE

An Act to amend the Bank Account Debits Tax Act 1982

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - SECT 1
Short title, &c.

(Assented to 10 October 1984)
1. (1) This Act may be cited as the Bank Account Debits Tax Amendment Act 1984.

(2) The Bank Account Debits Tax Act 1982*1* is in this Act referred to as the Principal Act. *1* No. 141, 1982, as amended. For previous amendments, see No. 110, 1983.

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - SECT 2
Commencement

2. This Act shall come into operation on the first day of the month next following the month in which the Bank Account Debits Tax Administration Amendment Act 1984 receives the Royal Assent.

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - SECT 3

3. Section 4 of the Principal Act is repealed and the following section is substituted:

Imposition of tax
"4. Tax is imposed in respect of-
(a) each taxable debit of not less than $1 made to a taxable account on or after the date of commencement of this section;
(b) each eligible debit of not less than $1 made to an exempt account on or after that date; and
(c) each eligible debit of not less than $1 made on or after that date to an account kept outside Australia with a bank where-
(i) at the time when the debit is made, the person in whose name, or either or any of the persons in whose names, the account is kept is a resident of Australia; and
(ii) it would be concluded that that account was used in connection with the transaction that resulted in the debit for the purpose, or for purposes that included the purpose, of enabling-
(A) the person in whose name, or either or any of the persons in whose names, the account is kept; or
(B) any other person,
to avoid liability for payment of the tax that would have been imposed if the debit that resulted from that transaction had been made to an account with a bank kept in Australia.".


BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - SECT 4
Schedule

4. The Schedule to the Principal Act is repealed and the following Schedule is substituted:

''SCHEDULE
Section 5
------------------------------------------------------------------------------ --
Column 1 Column 2
Range of amounts of taxable Amount
debits or eligible debits of tax
------------------------------------------------------------------------------ --
Not less than $1 but less than $100 . . . . . . . . . . . . . . . . . 10 cents
Not less than $100 but less than $500 . . . . . . . . . . . . . . . . 25 cents
Not less than $500 but less than $5,000 . . . . . . . . . . . . . . . 50 cents
Not less than $5,000 but less than $10,000 . . . . . . . . . . . . . $1
$10,000 or more . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.50
-----------------------------------------------------------------------------' '.

BANK ACCOUNT DEBITS TAX AMENDMENT ACT 1984 No. 103 of 1984 - SECT 5
Saving

5. Where, before the commencement of this Act, tax was imposed by the Principal Act in respect of a debit made to an account before that commencement, that tax continues to be imposed as if this Act had not been enacted.