Australian Overseas Projects Corporation Regulations (Cth)

Statutory Rules

1980 No. 232

REGULATIONS UNDER THE AUSTRALIAN OVERSEAS PROJECTS CORPORATION ACT 19781

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Australian Overseas Projects Corporation Act 1978.

Dated this fifth day of August 1980.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

J. D. ANTHONY

Minister of State for Trade and Resources

Australian Overseas Projects Corporation Regulations

Citation

 1.These Regulations may be cited as the Australian Overseas Projects Corporation Regulations.

Repeal of Australian Overseas Projects Corporation (Liability to Taxation) Regulations

 2.Statutory Rules 1978 No. 231 are repealed.

Interpretation

 3. In these Regulations, “the Act” means the Australian Overseas Projects Corporation Act 1978.

Maximum contingent liability

• 4.

  For the purposes of section 43 of the Act, the amount of $250,000,000 is prescribed.

Liability to pay-roll tax

 5.Sub-section 45 (2) does not apply in relation to taxation under each of the following laws:

• (a)

  the Pay-roll Tax Act, 1971 of the State of New South Wales as amended and in force from time to time;

• (b)

  the Pay-roll Tax Act 1971 of the State of Victoria as amended and in force from time to time;

• (c)

  the Pay-roll Tax Act 1971 of the State of Queensland as amended and in force from time to time;

• (d)

  the Pay-roll Tax Act, 1971 of the State of South Australia as amended and in force from time to time;

• (e)

  the Pay-roll Tax Act, 1971 of the State of Western Australia as amended and in force from time to time;

• (f)

  the Pay-roll Tax Act 1971 of the State of Tasmania as amended and in force from time to time;

• (g)

  the Pay-roll Tax Ordinance 1978 of the Northern Territory or that Ordinance as amended and in force from time to time.

Note

1. Notified in the Commonwealth of Australia Gazette