Family Trust Distribution Tax (Secondary Liability) Act 1998 (Cth)

Family Trust Distribution Tax (Secondary Liability) Act 1998

Act No. 11 of 1998 as amended

This compilation was prepared on 4 July 2011

taking into account amendments up to Act No. 41 of 2011

The text of any of those amendments not in force

on that date is appended in the Notes section

The operation of amendments that have been incorporated may be

affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,

Attorney‑General’s Department, Canberra

Contents

An Act to impose a tax in respect of certain unpaid family trust distribution tax

1Short title [see Note 1]

This Act may be cited as the Family Trust Distribution Tax (Secondary Liability) Act 1998.

2Commencement [see Note 1]

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

3Imposition of tax

Tax payable under section 271‑60 or 271‑65 in Schedule 2F to the Income Tax Assessment Act 1936 on an unpaid amount is imposed.

4Amount of tax

The amount of the tax imposed by this Act is equal to the unpaid amount.

Notes to the Family Trust Distribution Tax (Secondary Liability) Act 1998

Note 1

The Family Trust Distribution Tax (Secondary Liability) Act 1998 as shown in this compilation comprises Act No. 11, 1998 amended as indicated in the Tables below.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Family Trust Distribution Tax (Secondary Liability) Act 1998	11, 1998	6 Apr 1998	6 Apr 1998
Tax Laws Amendment (2011 Measures No. 2) Act 2011	41, 2011	27 June 2011	Schedule 5 (item 374): Royal Assent	—

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
S. 3.........................................	am. No. 41, 2011