Federal Register of Legislation - Australian Government

Primary content

Act No. 11 of 1998 as made
An Act to impose a tax in respect of certain unpaid family trust distribution tax
Administered by: Treasury
Date of Assent 06 Apr 1998

 

 

 

 

Family Trust Distribution Tax (Secondary Liability) Act 1998

 

No. 11, 1998

 

 

 

 

  

  

  


 

 

 

 

Family Trust Distribution Tax (Secondary Liability) Act 1998

 

No. 11, 1998

 

 

 

 

An Act to impose a tax in respect of certain unpaid family trust distribution tax

  

  

  


Contents

1............ Short title............................................................................................

2............ Commencement..................................................................................

3............ Imposition of tax................................................................................

4............ Amount of tax.....................................................................................


Family Trust Distribution Tax (Secondary Liability) Act 1998

No. 11, 1998

 

 

 

An Act to impose a tax in respect of certain unpaid family trust distribution tax

[Assented to 6 April 1998]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Family Trust Distribution Tax (Secondary Liability) Act 1998.

2  Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3  Imposition of tax

                   Tax payable under section 271-60 or 271-65 of Schedule 2F to the Income Tax Assessment Act 1936 on an unpaid amount is imposed.

4  Amount of tax

                   The amount of the tax imposed by this Act is equal to the unpaid amount.

 

  

 

 

(179/97)

[Minister's second reading speech made in

House of Representatives on 1 October 1997

Senate on 27 October 1997 ]