Pay-roll Tax Assessment Act 1963 (Cth)

PAY-ROLL TAX ASSESSMENT.

No. 33 of 1963.

An Act to amend the Pay-roll Tax Assessment Act 1941-1962.

[Assented to 31st May, 1963.]

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 and citation.

1.—(1.) This Act may be cited as the Pay-roll Tax Assessment Act 1963.

(2.) The Pay-roll Tax Assessment Act 1941-1962 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Pay-roll Tax Assessment Act 1941-1963.

Commencement.

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

Interpretation.

3. Section sixteen a of the Principal Act is amended by omitting sub-paragraphs (i) and (ii) of paragraph (a) of the definition of “the gross receipts for the financial year” in sub-section (1.) and inserting in their stead the following sub-paragraphs:—

“(i) any amount that is income from property as defined by section six of that Act;

“(ii) any amount that is received by that employer by way of insurance or indemnity for or in respect of any loss or outgoing that is a deduction allowable under that Act, being an amount that is included in the assessable income of that employer by virtue of paragraph (j) of section twenty-six of that Act;

 

“(iii) any amount that is included in the assessable income of that employer by virtue of sub-section (2.) of section twenty-eight, sub-section (2.) or (2c.) of section fifty-nine, sub-section (3.) of section sixty-three, sub-section (10.) of section sixty-six, subsection (2.) of section seventy-two, sub-section (4.) of section seventy-three a, sub-section (9.) of section seventy-nine, sub-section (3.) of section one hundred and twenty-two b, sub-section (2.) of section one hundred and twenty-four, sub-section (2.) of section one hundred and twenty-four d, sub-section (2.) of section one hundred and twenty-four g or subsection (1.) or (2.) of section one hundred and twenty-four p of that Act; and

“(iv) any amounts that are included in the value of export sales in relation to that employer for another financial year,”.

Rebate of tax.

4. Section sixteen c of the Principal Act is amended by omitting from sub-section (1.) the word “three” and inserting in its stead the word “seven”.

Application.

5.