Income Tax (Non-resident Dividends and Interest) Act 1967 (Cth)

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967 [Note: This Act is "repealed" by Act No. 27 of 1974]
(#DATE 11:12:1973)

Compilation Information 

- Reprinted as at 11 December 1973

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - TABLE OF 
PROVISIONS 
TABLE



       INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973



                             TABLE OF PROVISIONS

Section

  1.        Short title

  2.        Commencement

  3.        Repeal

  4.        Definition

  5.        Incorporation

  6.        Imposition of tax

  7.        Rates of tax

  8.        Sections 104 and 221YB of Assessment Act

                               -----------------

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 1. 
Short title. 
SECT

Non-residents.

Short title amended; No. 32, 1918, s. 2.

  1. This Act may be cited as the Income Tax (Non-resident Dividends and
Interest) Act 1967-1973.*

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 2. 
Commencement. 
SECT

  2. This Act shall come into operation on the first day of January, One
thousand nine hundred and sixty-eight.

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 3. 
Repeal. 
SECT

  3. (1) The Income Tax (Non-resident Dividends) Act 1965 is repealed.

  (2) The Act repealed by the last preceding sub-section, and the Act repealed
by that Act, continue in force for all purposes in connexion with income tax
and social services contribution, and income tax, payable in accordance with
section 128B of the Income Tax and Social Services Contribution Assessment Act
1936-1959, or of that Act as amended and in force at any time, in respect of
income to which that section applied that was derived before the commencement
of this Act.

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 4. 
Definition. 
SECT

  4. In this Act, ''the Assessment Act'' means the Income Tax Assessment Act
1936-1967.

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 5. 
Incorporation. 
SECT

  5. The Assessment Act is incorporated and shall be read as one with this
Act. 

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 6. 
Imposition of tax. 
SECT

  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.

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 7. 
Rates of tax. 
SECT

Substituted by No. 167, 1973, s. 3.

  7. The rates of income tax imposed by this Act are-



  (a)  in respect of income to which sub-section (4) of section 128B of the
Assessment Act applies-



      (i)  in the case of income derived by a resident of Papua New Guinea-15
per centum; or



     (ii)  in any other case-30 per centum; and



  (b)  in respect of income to which sub-section (5) of that section
applies-10 per centum.

INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - SECT. 8. 
Sections 104 and 221YB of Assessment Act. 
SECT

  8. For the purposes of sub-section (1) of section 104, and sub- section (3)
of section 221YB, of the Assessment Act, this Act shall be deemed not to be an
Act declaring rates of income tax.

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INCOME TAX (NON-RESIDENT DIVIDENDS AND INTEREST) ACT 1967-1973 - NOTE 



                                      NOTE

1.  The Income Tax (Non-resident Dividends and Interest) Act 1967-1973
comprises the Income Tax (Non-resident Dividends and Interest) Act 1967 as
amended by the other Act specified in the following table:

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                                Number                       Date of

    Act                         and year        Date of

                                                Assent       commencement

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    Income Tax (Non-resident

    Dividends and Interest)

    Act 1967                    No. 87, 1967    8 Nov 1967   1 Jan 1968

    Income Tax (Non-resident

    Dividends and Interest)

    Act 1973                    No. 167, 1973   11 Dec 1973  26 Oct 1973

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