Special Tax Acts Revision Act 1937 (WA)

SPECIAL TAX REVISION.

1° AND 2° GEO. VI., No. XL.

No. 40 of 1937.

AN ACT to make certain amendments to the special tax Acts known as the Financial Emergency Tax Act, 1937 ; the Hospital Fund (Contributions) Act, 1930, and the Gold Mining Profits Tax Act, 1934, consequent on the passing of the Income Tax Assessment Act, 1937 ; to make provision for the consolidation and reprinting of the said special tax Acts with their respective amendments, and for other purposes consequent thereon or incidental thereto.

[Assented to 18th January, 1938.]

BE it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of Western Australia, in this present Parliament assembled, and by the author- ity of the same, as follows

PART L—PRELIMINARY.

Short tint 1. This Act may be cited as the Special Tax Acts Revi- sion Act, 1937, and shall come into operation at the same

time as the Income Tax Assessment Act, 1937.

1937.] Special Tax Revision. [No. 40

2. This Act is divided into Parts as follows:	Act divided
into Parts.

PART I.-PRELIMINARY.

PART II.-FINANCIAL EMERGENCY TAX ACT,

1937.

PART III.-HOSPITAL FUND (CONTRIBUTIONS) ACT,

1930.

PART IV.-GOLD MINING PROFITS TAX ACT, 1934.

PART II.-FINANCIAL EMERGENCY TAX ACT,

1937.

3. The Financial Emergency Tax Act, 1937, is in this Reference to principal Act.

Part referred to as the principal Act.

4. Section three of the principal Act is amended— Aofra:1101' tthe

principal Act.

(a)	by substituting the words "net assessable in- come" for the word "income" in line five of subsection (1);
(b)	by substituting the words "net assessable in- come" for the word "income" in line ten of subsection (1);
(c)	by substituting the words "net assessable in- come" for the word "income" in line nineteen of subsection (1);
(d)	by inserting the words "by companies" after Companies.

the word "payable" in the fourth line of sub- section (3) and striking out all words in the subsection after the word "thirty-eight" in the sixth line of the subsection.

Amendment of

5. The Schedule to the principal Act is amended Schedule to prInoba/ Act.

(a)	by substituting the words "net assessable in- come" for the word "income" as it appears in subcolumn (a) of columns one and two re- spectively of the First Part of the Schedule;
(b)	in the Third Part of the Schedule by strik- ing out all the words in paragraph (b) down to and including the word "scale" and inserting the -following paragraph in their place:—

"Other companies: The rate of tax payable

by other companies on their net assessable in-

No. 40] Special Tax Revision. [1937.

come shall be in accordance with the follow-

ing scale :—"

C) in the Third Part of the Schedule by striking out the words "where the profit made or interest received for the period of assess- ment under the Dividend Duties Act, 1902, and its amendments" at the head of the scale of tax and substituting the following :—

"Where the net assessable income for the year of income subject to the imposition of the tax."

Citation of	6.	(1.) The principal Act as amended by this Act may
principal Act

as amended.

be cited as the "Financial Emergency Tax Act, 1937" (as

amended).

Reprinting.

(2.) The principal Act as amended by this Act shall be reprinted by the Government Printer under the super- vision of the Clerk of Parliaments and the short title shall be amended to conform to the provisions of sub- section (1) of this section.

PART III.—FiosrITAL FUND (CONTRIBUTIONS)

ACT, 1930.

The Hospital Fund (Contributions) Act, 1930, is in this Part referred to as the principal Act.

Reference to 7.

principal Act.

Amendment	8.	Section one of the principal Act is repealed and
of s. 1 of the

principal Act. the following section is enacted in its place :—

Short title. 1. (1.) This Act may be cited as the Hospital

Fund (Contributions) Act, 1930-1937.

(2.) The Hospital Fund Act, 1930-1937, is incor-

porated with and shall be read as one with this Act.

Amendment	9.	Section two of the principal Act is amended as fol-
of s. 2 of the

principal Act. lows :-

(a) by striking out the words and figures—"Hospi- tal Fund Act, 1930," in line four of the section and substituting the words and figures

"Hospital Fund Act, 1930-1937";

(b) by striking out all words in paragraph (a) after the word "pound" in line three of the para- graph and substituting the following :—" On the net assessable income of a taxpayer";

1937.] Special Tax Revision. [No. 40

(c) by striking out all words after the words "salary and wages" in line four of paragraph (b) and substituting the following:—"Subject to assessment under the provisions of the said Act."

10. (1.) The principal Act as amended by this Act ca.uon of

may be cited as the Hospital Fund (Contributions) Act, racZnIdectlet

1930-1937.

(2.) The principal Act as amended by this Act shall Reprinting.

be reprinted by the Government Printer under the super- vision of the Clerk of Parliaments and the short title of the reprint shall be in conformity with subsection (1) of this section.

PART IV.-GOLD MINING PROFITS TAX ACT, 1934.

11.	The Gold Mining Profits Tax Act, 1934, is in this	Reference to
principal Act.

part referred to as the principal Act.

12. Section two of the principal Act is amended by Amendmentof s. 2 of the

striking out the words and figures "Gold Mining Profits	principal Act.
Tax Assessment Act, 1934," and substituting the words and figures "Gold Mining Profits Tax Assessment Act, 1934-1937."
Amendment

13. Section three of the principal Act is amended of s. 3 of the principal Act

(a) by striking out the words and figures "Gold Mining Profits Tax Assessment Act, 1934," and substituting the words and figures "Gold Mining Profits Tax Assessment Act, 1934-1937";

(b) by striking out all words after the word "amount" in line six of the section and sub- stituting the following :—

" of the taxable income of every company carrying on the business of gold mining in Western Australia: provided that in arriving at the taxable income of every such company no allowance shall be made as against the assessable income of the company in respect of any recoup of capital expenditure which would be otherwise allowable under the pro- visions of section one hundred and twenty-two

No. 40] Special Tax Revision. [1937.

of the Income Tax Assessment Act, 1937, in arriving at the taxable income for the purpose of the last-mentioned Act."

Citation of

principal Act 14. (1.) The principal Act as amended by this Act

as amended.

may be cited as the Gold Mining Profits Tax Act,

1934-1937.

Reprinting.

(2.) The principal Act as amended by this Act shall be reprinted by the Government Printer under the super- vision of the Clerk of Parliaments; and the short title of any such reprint shall be altered in conformity with sub- section (1) of this section.