Franchise Fees Windfall Tax (Imposition) Act 1997 (Cth)

Franchise Fees Windfall Tax (Imposition) Act 1997

No. 133, 1997

An Act to impose franchise fees windfall tax, and for related purposes

Contents

Franchise Fees Windfall Tax (Imposition) Act 1997

No. 133, 1997

An Act to impose franchise fees windfall tax, and for related purposes

[Assented to 19 September 1997]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Franchise Fees Windfall Tax (Imposition) Act 1997.

2Commencement

This Act is taken to have commenced at the same time as the Franchise Fees Windfall Tax (Collection) Act 1997.

3This Act binds the Crown

This Act binds the Crown in each of its capacities.

4Imposition of franchise fees windfall tax

1. (1)

   Franchise fees windfall tax is hereby imposed at the rate of 100%.

2. (2)

   In this section:

   franchise fees windfall tax means the tax that is payable under the Franchise Fees Windfall Tax (Collection) Act 1997.

[Minister’s second reading speech made in¾

House of Representatives on 28 August 1997

Senate on 3 September 1997]

(131/97)