Federal Register of Legislation - Australian Government

Primary content

A Bill for an Act to impose instalment transfer interest charge as a tax in some circumstances
Administered by: Treasury
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Registered 30 May 2006
Introduced HR 25 May 2006
Table of contents.

2004-2005-2006

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006

 

No.      , 2006

 

(Treasury)

 

 

 

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

  

  

  


Contents

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

2............ Commencement.................................................................................. 1

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

 


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

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006.

2  Commencement

                   This Act commences, or is taken to have commenced, on 1 July 2006.

3  Imposition

             (1)  Instalment transfer 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:

instalment transfer interest charge means the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987.