Federal Register of Legislation - Australian Government

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Act No. 30 of 2008 as made
An Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes
Administered by: Treasury
Originating Bill: Income Tax (Managed Investment Trust Transitional) Bill 2008
Registered 02 Jul 2008
Date of Assent 23 Jun 2008
Table of contents.

 

 

 

 

 

 

Income Tax (Managed Investment Trust Transitional) Act 2008

 

No. 30, 2008

 

 

 

 

 

An Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes

  

  

  


Contents

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

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

3............ Imposition of tax................................................................................. 2

4............ Rate of tax........................................................................................... 2

 


 

 

Income Tax (Managed Investment Trust Transitional) Act 2008

No. 30, 2008

 

 

 

An Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes

[Assented to 23 June 2008]

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Income Tax (Managed Investment Trust Transitional) Act 2008.

2  Commencement

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

3  Imposition of tax

                   The tax known as income tax, to the extent that that tax is payable by an entity in accordance with section 840‑805 of the Income Tax (Transitional Provisions) Act 1997, is imposed on amounts to which that section applies.

4  Rate of tax

                   The rate of income tax imposed by this Act is 22.5%.

 

 

 

[Minister’s second reading speech made in—

House of Representatives on 4 June 2008

Senate on 18 June 2008]

(123/08)