Federal Register of Legislation - Australian Government

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Income Tax (Franking Deficit) Amendment Act 1993

Authoritative Version
  • - C2004A04657
  • No longer in force
Act No. 102 of 1993 as made
An Act to amend the Income Tax (Franking Deficit) Act 1987
Administered by: Treasury
Date of Assent 22 Dec 1993
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016

Income Tax (Franking Deficit)
Amendment Act 1993

No. 102 of 1993

 

An Act to amend the Income Tax (Franking Deficit) Act 1987

[Assented to 22 December 1993]

The Parliament of Australia enacts:

Short title etc.

1.(1)  This Act may be cited as the Income Tax (Franking Deficit) Amendment Act 1993.

(2)  In this Act, “Principal Act” means the Income Tax (Franking Deficit) Act 19871.

Commencement

2.    This Act commences, or is taken to have commenced, as the case requires, on the commencement of subsection 160AQJ(1A) of the Income Tax Assessment Act 1936.


Repeal of section and substitution of new section

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    Section 3 of the Principal Act is repealed and the following section is substituted:

Imposition of tax

“3. Tax payable under section 160AQJ of the Income Tax Assessment Act 1936 is imposed.”.

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NOTE

1. No. 59, 1987.

[Minister’s second reading speech made in

House of Representatives on 29 September 1993

Senate on 27 October 1993]