Income Tax (Fund Contributions) Act 1989 (Cth)

Income Tax (Fund Contributions) Act 1989

No. 99 of 1989

An Act to impose income tax upon so much of the taxable income of certain funds as is attributable to certain contributions

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Income Tax (Fund Contributions) Act 1989

No. 99 of 1989

An Act to impose income tax upon so much of the taxable income of certain funds as is attributable to certain contributions

[Assented to 30 June 1989]

1Short title

This Act may be cited as the Income Tax (Fund Contributions) Act 1989.

2Commencement

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

3Imposition of income tax

If subsection 5(4) of the Income Tax Act 1986 has the effect that that Act does not impose tax in respect of the subject of taxation mentioned in paragraph 5(4)(a) of that Act, this Act imposes income tax in respect of that subject of taxation.

4Financial years for which tax payable

The tax imposed by this Act is levied and shall be paid for each of the financial years for which the tax imposed by the Income Tax Act 1986 is levied in accordance with section 7 of that Act.