Taxation (Interest on Non-resident Trust Distributions) Act 1990 (Cth)

Taxation (Interest on Non-resident Trust Distributions) Act 1990

No. 124 of 1990

An Act to impose an interest charge in respect of distributions from certain trust estates

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Taxation (Interest on Non-resident Trust Distributions) Act 1990

No. 124 of 1990

An Act to impose an interest charge in respect of distributions from certain trust estates

[Assented to 28 December 1990]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Taxation (Interest on Non-resident Trust Distributions) Act 1990.

2Commencement

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

3Imposition of interest charge

Interest that is payable in accordance with section 102AAM of the Income Tax Assessment Act 1936 is imposed by this Act.