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Income Tax (Franking Deficit) Amendment Act 1995

  • - C2004A05019
  • No longer in force
Act No. 172 of 1995 as made
An Act to amend the Income Tax (Franking Deficit) Act 1987
Administered by: Treasury
Date of Assent 16 Dec 1995
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172, 1995

Making Information
- Assented to 16 December 1995

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - TABLE OF PROVISIONS

CONTENTS
Section
1. Short title
2. Commencement
3. Schedule
SCHEDULE
AMENDMENT OF THE INCOME TAX (FRANKING DEFICIT) ACT 1987

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - LONG TITLE

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

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - SECT 1
Short title

1. This Act may be cited as the Income Tax (Franking Deficit) Amendment Act 1995.


(Minister's second reading speech made in-
House of Representatives on 24 October 1995
Senate on 13 November 1995)

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - SECT 2
Commencement

2. This Act is taken to have commenced immediately after the commencement of item 92 of Schedule 2 to the Taxation Laws Amendment Act (No. 4) 1995.

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - SECT 3
Schedule

3. The Act specified in the Schedule to this Act is amended in accordance with the applicable item in the Schedule.

INCOME TAX (FRANKING DEFICIT) AMENDMENT ACT 1995 No. 172 of 1995 - SCHEDULE

SCHEDULE Section 3
AMENDMENT OF THE INCOME TAX (FRANKING DEFICIT) ACT 1987
1. Section 3:
Repeal the section, substitute:
Imposition of Tax
"3. Tax payable under section 160AQJ of the Income Tax Assessment
Act 1936 is imposed.".