Infrastructure Certificate Cancellation Tax Act 1994 (Cth)

Infrastructure Certificate Cancellation Tax Act 1994

No. 160, 1994

An Act to impose a tax in respect of the cancellation of infrastructure borrowing certificates

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Infrastructure Certificate Cancellation Tax Act 1994

No. 160, 1994

An Act to impose a tax in respect of the cancellation of infrastructure borrowing certificates

[Assented to 16 December 1994]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Infrastructure Certificate Cancellation Tax Act 1994.

2Commencement

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

3Imposition of tax

Tax is imposed on an infrastructure certificate cancellation amount within the meaning of section 159GZZZZH of the Income Tax Assessment Act 1936.

4Amount of tax

The amount of the tax imposed by this Act is equal to the infrastructure certificate cancellation amount.