Income Tax (Non-resident
Dividends)
No. 106 of 1965
An Act to impose Income Tax upon
certain Dividends derived by Non-residents.
[Assented
to 14 December, 1965]
BE
it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives
of the Commonwealth of Australia, as follows:—
Short
title.
1. This Act may be cited as the Income
Tax (Non-resident Dividends) Act 1965.
Commencement.
2. This Act shall come into operation on the day on which the Income Tax Assessment Act 1965 comes
into operation.
Repeal.
3.—(1.) The Income
Tax and Social Services Contribution (Non-resident
Dividends) Act 1959 is repealed.
(2.) The Act repealed by the last preceding
sub-section continues in force for all purposes in connexion with income tax
and social services contribution payable in accordance with
section
128b of the Income Tax and Social Services Contribution Assessment Act 1936-1959,
or of that Act as amended at any time, in respect of income to which that
section applied that was derived before the commencement of this Act.
Definition.
4. In this Act, “the Assessment Act” means the Income Tax Assessment Act 1936-1965.
Incorporation.
5. The Assessment Act is incorporated and shall be read as one with
this Act.
Imposition
of tax.
6. The tax known as income tax, to the extent that that tax is payable
in accordance with section 128b of
the Assessment Act, is imposed, and shall be levied and paid, upon income to
which that section applies.
Rate
of tax.
7. The rate of income tax imposed by this Act is thirty per centum.
Sections
104 and 221yb of Assessment Act.
8.