Income Tax (Deficit Deferral) Act 1994

Income Tax (Deficit Deferral) Act 1994

Act No. 180 of 1994 as amended

[Note: This Act was repealed by Act No. 101 of 2006 on 14 September 2006

For transitional and application provisions see Act No. 101, 2006, Schedule 6 (items 5–11)]

This compilation was prepared on 17 October 2000
taking into account amendments up to Act No. 173 of 1995

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra

Contents

1 Short title [see Note 1]...........................

2 Commencement [see Note 1].......................

3 Imposition of tax...............................

Notes

An Act to impose a tax in respect of the deferral of franking deficits of companies

1  Short title [see Note 1]

  This Act may be cited as the Income Tax (Deficit Deferral) Act 1994.

2  Commencement [see Note 1]

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

3  Imposition of tax

  Tax payable under section 160AQJA, 160AQJB or 160AQJC of the Income Tax Assessment Act 1936 is imposed.

Notes to the Income Tax (Deficit Deferral) Act 1994

Note 1

The Income Tax (Deficit Deferral) Act 1994 as shown in this compilation comprises Act No. 180, 1994 amended as indicated in the Tables below.

Table of Acts

(a) The Income Tax (Deficit Deferral) Act 1994 was amended by the Income Tax (Deficit Deferral) Amendment Act 1995, section 2 of which provides as follows:

 2 This Act is taken to have commenced immediately after the commencement of item 94 of Schedule 2 to the Taxation Laws Amendment Act (No. 4) 1995.

 Item 94 of Schedule 2 commenced on 1 July 1995.

Table of Amendments