Tobacco Industry Act 1965 (Cth)

Tobacco Industry

No. 87 of 1965

An Act to limit the Amount of the Moneys to be paid into the Tobacco Industry Trust Account out of the Consolidated Revenue Fund.

[Assented to 4 December, 1965]

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 Tobacco Industry Act 1965.

(2.) The Tobacco Industry Act 1955, as amended by this Act, may be cited as the Tobacco Industry Act 1955–1965.

Commencement.

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

Moneys to be paid into Trust Account.

3. Section 4 of the Tobacco Industry Act 1955 is amended—

(a)by omitting from sub-section (1.) the word “There” and inserting in its stead the words “ Subject to sub-section (3.) of this section, there”; and

(b)by adding at the end thereof the following sub-section:—

“ (3.) The total of the amounts paid into the Account in respect of amounts received during a financial year by the Commissioner of Taxation under the Acts referred to in paragraph (a)