Income Tax (Untainting Tax) Act 1998
No. 65, 1998
Income Tax (Untainting Tax) Act 1998
No. 65, 1998
An Act to impose a tax in relation to untainting tainted share capital accounts of companies
Contents
1 Short title..................................1
2 Commencement..............................1
3 Imposition of tax..............................2
Income Tax (Untainting Tax) Act 1998
No. 65, 1998
An Act to impose a tax in relation to untainting tainted share capital accounts of companies
[Assented to 30 June 1998]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Income Tax (Untainting Tax) Act 1998.
2 Commencement
This Act commences at the same time as section 1 of the Taxation Laws Amendment (Company Law Review) Act 1998.
3 Imposition of tax
Tax payable under section 160ARDT or 160ARDY of the Income Tax Assessment Act 1936 is imposed.
[Minister's second reading speech made in—
House of Representatives on 8 April 1998
Senate on 23 June 1998]
(57/98)