Federal Register of Legislation - Australian Government

Primary content

Act No. 199 of 1992 as made
An Act to amend the Income Tax (Dividends and Interest Withholding Tax) Act 1974.
Administered by: Treasury
Date of Assent 21 Dec 1992
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199, 1992

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - LONG TITLE

An Act to amend the Income Tax (Dividends and Interest
Withholding Tax) Act 1974.

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 1
Short title etc.

(Assented to 21 December 1992)
1.(1) This Act may be cited as the Income Tax (Dividends and Interest Withholding Tax) Amendment Act 1992.
(2) In this Act, "Principal Act" means the Income Tax (Dividends and Interest Withholding Tax) Act 1974.*1*

(Minister's second reading speech made in-
House of Representatives on 15 October 1992
Senate on 26 November 1992)
*1* No. 27, 1974.

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 2
Commencement

2. This Act commences, or is taken to have commenced, as the case requires, on the commencement of subsection 128B(5A) of the Income Tax Assessment Act 1936.

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 3
Long title

3. The long title to the Principal Act is amended by omitting "and Interest" and substituting ", Interest and Royalties".

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 4
Short title

4. Section 1 of the Principal Act is amended by omitting "and Interest" and substituting ", Interest and Royalties".

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 5

5. Section 6 of the Principal Act is repealed and the following section is substituted:

Imposition of tax
"6. The tax known as income tax, to the extent that that tax is payable in accordance with section 128B of the Assessment Act, is imposed on income to which that section applies.".

INCOME TAX (DIVIDENDS AND INTEREST WITHHOLDING TAX) AMENDMENT ACT 1992 No. 199 of 1992 - SECT 6
Rates of tax

6. Section 7 of the Principal Act is amended:
(a) by omitting "per centum" (wherever occurring) and substituting "%";
(b) by adding at the end the following word and paragraph:
"; and (c) in respect of income to which subsection (5A) of that section applies - 30%.".