Federal Register of Legislation - Australian Government

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Shortfall Interest Charge (Imposition) Act 2005

Authoritative Version
Act No. 76 of 2005 as made
An Act to impose shortfall interest charge as a tax in some circumstances
Administered by: Treasury
Originating Bill: Shortfall Interest Charge (Imposition) Bill 2005
Registered 04 Jul 2005
Date of Assent 29 Jun 2005
Table of contents.

 

 

 

 

 

 

Shortfall Interest Charge (Imposition) Act 2005

 

No. 76, 2005

 

 

 

 

 

An Act to impose shortfall interest charge as a tax in some circumstances

  

  

  


Contents

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

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

3............ Imposition........................................................................................... 2

 


 

 

Shortfall Interest Charge (Imposition) Act 2005

No. 76, 2005

 

 

 

An Act to impose shortfall interest charge as a tax in some circumstances

[Assented to 29 June 2005]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Shortfall Interest Charge (Imposition) Act 2005.

2  Commencement

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

3  Imposition

             (1)  Shortfall 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:

shortfall interest charge means the charge worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953.

 

 

 

[Minister’s second reading speech made in—

House of Representatives on 17 March 2005

Senate on 12 May 2005]

(46/05)