Federal Register of Legislation - Australian Government

Primary content

A Bill for an Act to impose general interest charge as a tax in some circumstances
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Introduced HR 10 Dec 1998

General Interest Charge (Imposition) Bill 1998
First Reading

1998

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

General Interest Charge (Imposition) Bill 1998

No. , 1998

(Treasury)

A Bill for an Act to impose general interest charge as a tax in some circumstances

ISBN: 0642 387753

Contents

A Bill for an Act to impose general interest charge as a tax in some circumstances

The Parliament of Australia enacts:

1 Short title
This Act may be cited as the General Interest Charge (Imposition) Act 1998.

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

3 Imposition
(1) General interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax.

(2) In this section:

general interest charge means the charge worked out under Division 1 of Part IIA of the Taxation Administration Act 1953.