Shortfall Interest Charge (Imposition) Act 2005
No. 76, 2005
An Act to impose shortfall interest charge as a tax in some circumstances
Contents
1 Short title
2 Commencement
3 Imposition
Shortfall Interest Charge (Imposition) Act 2005
No. 76, 2005
An Act to impose shortfall interest charge as a tax in some circumstances
[Assented to 29 June 2005]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Shortfall Interest Charge (Imposition) Act 2005.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Imposition
(1) Shortfall 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:
shortfall interest charge means the charge worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953.
[Minister’s second reading speech made in—
House of Representatives on 17 March 2005
Senate on 12 May 2005]
(46/05)