Income Tax (Companies and Superannuation Funds) Amendment Act 1977 (Cth)

INCOME TAX (COMPANIES AND SUPERANNUATION FUNDS) AMENDMENTACT 1977

No. 37 of 1977

An Act to amend the Income Tax (Companies and Superannuation Funds) Act 1976.

BE IT ENACTED by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1. This Act may be cited as the Income Tax (Companies and Superannuation Funds) Amendment Act 1977.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

3. After section 10 of the Income Tax (Companies and Superannuation Funds) Act 1976 the following section is inserted:—

Instalments of tax.

“11. Instalments of tax are payable by a company, in accordance with the provisions of Division 1a of Part VI of the Assessment Act, in respect of income of the year of income that commenced on 1 July 1976.”.