Taxation (Interest on Non-resident Trust Distributions) Act 1990
No. 124 of 1990
An Act to impose an interest charge in respect of distributions from certain trust estates
Contents
1 Short title
2 Commencement
3 Imposition of interest charge
Taxation (Interest on Non-resident Trust Distributions) Act 1990
No. 124 of 1990
An Act to impose an interest charge in respect of distributions from certain trust estates
[Assented to 28 December 1990]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Taxation (Interest on Non-resident Trust Distributions) Act 1990.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Imposition of interest charge
Interest that is payable in accordance with section 102AAM of the Income Tax Assessment Act 1936 is imposed by this Act.