Federal Register of Legislation - Australian Government

Primary content

Act No. 122 of 1989 as made
An Act to impose a tax, known as a liquidators' recovery trust fund contribution, on persons desiring to form close corporations
Date of Assent 14 Jul 1989
Date of repeal 09 Dec 1995
Repealed by First Corporate Law Simplification Act 1995
 

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122, 1989

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - LONG TITLE

An Act to impose a tax, known as a liquidators' recovery
trust fund contribution, on persons desiring to
form close corporations

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 1
Short title

(Assented to 14 July 1989) 1. This Act may be cited as the Close Corporations (Liquidators' Recovery Trust Fund Contribution) Act 1989.

(Minister's second reading speech made in-
House of Representatives on 25 May 1988
Senate on 14 October 1988)

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 2
Commencement

2. This Act commences on the same day as section 127 of the Close Corporations Act 1989.

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 3
Incorporation

3. The Close Corporations Act 1989 is incorporated, and shall be read as one, with this Act.

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 4
Imposition of tax

4. The tax by the name of liquidators' recovery trust fund contribution that is payable under section 127 of the Close Corporations Act 1989 by the subscribers to the founding statement of a proposed close corporation is imposed by this Act.

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 5
Amount of tax

5. The amount of the tax is such amount (not exceeding $50) as is prescribed.

CLOSE CORPORATIONS (LIQUIDATORS' RECOVERY TRUST FUND CONTRIBUTION) ACT 1989 No. 122 of 1989 - SECT 6
Regulations

6. The Governor-General may make regulations prescribing an amount for the purposes of section 5.