Financial Emergency Tax Act (No. 3) 1936 (WA)

1936.] Financial Emergency Tax. [No. 30.

FINANCIAL EMERGENCY TAX.

1° EDWD. VIII., No. XXX.

No. 30 of 1936.

AN ACT to impose and fix the rate of a Tax, to be called the Financial Emergency Tax, upon income, salary, and wages.

[Assented to 11th December, 1936.]

lative Council and Legislative Assembly of WesternB E it enacted by the King's Most Excellent Majesty,by and with the advice and consent of the Legis-

Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1. This Act may be cited as the Financial Emergency Tax Act (No. 3), 1936.	Short title end com-
mencement.

2.    For the purpose of the Financial Emergency Tax Imposition a

Assessment Act, 1932, and its amendments (hereinafter tax. called the Assessment Act) financial emergency tax is imposed at the rates declared by this Act.

3. (1.) For the purpose of section three of the As- Rates of tax on Income.

sessment Act the following are declared to be the rates of tax payable for the year of assessment ending the thirtieth day of June, one thousand nine hundred and thirty-seven, on income of a taxpayer for the year of in-

No. 30.] Financial Emergency Tax. [1936.

come ended the thirtieth day of June, one thousand

nine hundred and thirty-six

(a)	for the first six months of the year of assessment (namely the period of six months ending on the thirty-first day of December, one thousand nine hundred and thirty-six) in respect of one half of the income of the year of income: the several rates declared by and in accordance with the provisions of the Financial Emergency Tax Act, 1935;
(b)	-for the remaining six months of the year of as- sessment (namely the period of six months ending on the thirtieth day of June, one thous- and nine hundred and thirty-seven) in respect of the remaining half of the income of the year of income: the several rates declared in the first part of the Schedule:

Provided that (except in the case of a company) where the income for the year ended the thirtieth day of June, one thousand nine hundred and thirty-six, does not exceed one hundred and four pounds the amount of tax shall not exceed seventeen shillings and fourpence.

Rates of tax	(2.) (a) For the purpose of section three of the As- sessment Act the following are declared to be the rates of tax payable for the financial year ending the thirtieth day of June, one thousand nine hundred and thirty- seven, on salaries and wages-
and wages.

an salaries

(i)    in respect of salaries and wages paid or received in the first six months of that financial year, namely, in the six months ending on the thirty- first day of December, one thousand nine hun- dred and thirty-six: the several rates declared by and in accordance with the provisions of the Financial Emergency Tax Act, 1935.

(ii)    in respect of salaries and wages paid or received in the remaining six months of that financial year, namely in the six months ending on the thirtieth day of June, one thousand nine hun- dred and thirty-seven: the several rates de- clared in the second part of the Schedule; and

1936.] Financial Emergency Tax. [No. 30.

(b) Unless Parliament otherwise determines the rates declared in the second part of the Schedule shall also apply in respect of salaries and wages paid or received in the period of six months ending on the thirty-first day of December, one thousand nine hundred and thirty- seven:

Provided that, where the salary or wages are less than two pounds per week, the amount of tax payable under the provisions of this subsection shall not exceed four- pence per week.

(3.) For the purpose of section eight of the Assess- itaytaeltintr

ment Act it is hereby declared that the several rates f 01- companies'

lowing shall be the rates of tax payable for the year

ending the 30th day of June, 1937, by companies on profits made or on interest on investments or on pre- miums received (as the case may require) in respect of which a payment of duty is payable under the provisions of the Dividend Duties Act, 1902-

(a)	In respect of one half of such profits made, or of interest on investments received or of pre- miums received: the rates declared by the Fin- ancial Emergency Tax Act, 1935.
(b)	In respect of the remaining half of such profits made or of interest on investments received, or of premiums received: the rates declared in the third part of the Schedule.

No. 30.1 Financial Emergency Tax. [1936_

THE SCHEDULE.

FIRST PART.

RATES OF TAx. PAYABLE BY PERSONS EARNING OR DERIVING INCOME.-

Column I. Column 2.

Rate of tax payable by a person who

proves to the satisfaction of the

Commissioner that he is regularly

maintaining or contributing to the	Rate of tax payable by other Poisons.
maintenance of one or more mem- bers of his family who is or are resident and domiciled in Western Australia.

(b) (b)

(a) (a)

Where the income for Rate of tax Where the income for Rate of tax

the whole year ended	payable	the whole year ended	payable
the 30th day of June,	per pound	the 30th day of June,	per pound

1936— of income. 1936— of income.

s not less than £195 Pourpence is £78 or more but Fourponce

but less than £260 does not exceed £195

is not loss than £260 Fivopence exceeds £195 but is less Fivepence

but less than £338 than £312

is not loss than £338 Sixpence is not less than £312 Sixpence

but less than £416 but loss than £416

is not loss than £416 Sevonponco is not less than £416 Sevenponee

but loss than £494 but less than £494

is not less than £494 Eightpenco is not less than £494 Eightpence

but less than £572 but less than £572

is not less than £572 Ninopenco is not loss than £572 Ninopence

but less than £650 but less than £650

is not less than £650 Tonponce is not less than £650 Tenpence

but less than £728 but less than £728

is not less than £728 Elevonpence is not less than £728 Elovenpence

but loss than £806 but less than £806

is not lass than £806 ... Twolvopence is not less than £806 Twelvepenee

1936.1 Financial Emergency Tax. [No. 30.

THE SCHEDULE—continued.

SECOND PART.

RATES OF TAX PAYABLE BY PERSONS IN RECEIPT OF

SALARY OR WAGES.

Column 1. Column 2.

Rate of tax payable by a person who

proves to the satisfaction of the

Commissioner that he is regularly

maintaining or contributing to the	Rate of tax payable by other Persons.
maintenance of ono or more mem- bers of his family who is or are resident and domiciled in Western Australia.

(a) (b) (a) (b)

Rate of tax Rate of tax

Weekly rate of salary payable Weekly rate of salary payable

or wages.	per pound	or wages.	per pound
of salary	of salary
or wages.	or wages.

Not less than £3 15s. Oil Fourponce Is £1 10s. Od. or over Fourponce

but less than £5

but not exceeding

£3 15s. Od.

Not less than £5 but Fiveponce Exceeding £3 15s. Od. Fivepenco

less than £6 10s. Od. but less than £6

Not less than £6 10s. Od. Sixpence Not less than £6 but Sixpence

but less than £8 loss than £8

Not lass than £8 but Sevenpence Not less than £8 but Sovonponee

less than £9 10s. Od. less than £9 10s. Od.

Not loss than £910s. Od. Eightponce Not less than £9 10s. Eightpence

but less than £11 Od. but loss than £11

Not loss than £11 but Ninopence Not less than £11 but Nineponce

less than £12 10s. Od. less than £12 10s. Od.

Not less than £12 10s. Tonpence Not less than £12 10s. Terspenco

Od. but less than £14 Od. but less than £14

Not less than £14 but Elovenponce Not less than £14 but Elevonponee

less than £15 10s. Od. less than £1510s. Od.

Not loss than £1510s. Od. Twelveponee Not loss than £15 /Os. Twelvepenee

Od.

No. 30.1 Financial Emergency Tax. [1936.

THE SCHEDULE—continued.

THIRD PART.

TAX PAYABLE BY COMPANIES.

(a) Companies which carry on any insurance or assurance business exclusively (not being a life assurance company)—sixpence in respect of every three pounds two shillings and sixpence of the premiums received by every such company and liable to assess- ment under section eight of the Assessment Act.

(b) Other companies ;

On profits of any other com- pany not being a life assur- ance company ; and

On interest received by a life assurance company from its investments.

Rate of tax payable per pound of profit or interest.

Where the profit made or interest received for the full period of assessment under the Dividend Duties Act, 1902, is	less than £195 ....	Fourpence
Where the profit made or interest received for the full period of assessment under the Dividend Duties Act, 1902, is	not less than £195	Fivepence

but less than £312

Where the profit made or interest received for the full period of assessment under the Dividend Duties Act, 1902, is not less than £312, the rates shall be the same as those specified in column 2 of the first part of this Schedule.