Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006
No. 79, 2006
An Act to impose instalment transfer interest charge as a tax in some circumstances
Contents
1 Short title
2 Commencement
3 Imposition
Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006
No. 79, 2006
An Act to impose instalment transfer interest charge as a tax in some circumstances
[Assented to 30 June 2006]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006.
2 Commencement
This Act commences, or is taken to have commenced, on 1 July 2006.
3 Imposition
(1) Instalment transfer interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax.
(2) In this section:
instalment transfer interest charge means the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987.
[Minister’s second reading speech made in—
House of Representatives on 25 May 2006
Senate on 15 June 2006]
(74/06)