INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986 

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986 
- TABLE OF PROVISIONS

1.   Short title [see Note 1]    
2.   Commencement [see Note 1]    
3.   Interpretation    
4.   Incorporation    
5.   Imposition of tax    
6.   Amount of tax    

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986

- LONG TITLE

An Act to impose income tax in respect of avoided
withholding tax amounts in relation to certain securities and agreements

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 1   Short title [see Note 1] 

 
        This Act may be cited as the Income Tax (Securities and Agreements)
(Withholding Tax Recoupment) Act 1986.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 2   Commencement [see Note 1] 

 
        This Act shall come into operation on the day on which the Taxation Laws
Amendment Act (No. 2) 1986 receives the Royal Assent.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 3   Interpretation 

 
        In this Act, Assessment Act means the Income Tax Assessment
Act 1936.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 4   Incorporation 

 
        The Assessment Act is incorporated and shall be read as one with this Act.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 5   Imposition of tax 

 
        The tax known as income tax, to the extent that it is payable in accordance
with subsection 128NA(4) of the Assessment Act, is imposed, and shall be levied
and paid, upon the avoided withholding tax amount referred to in that subsection.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986
- SECT 6   Amount of tax 

 
        The amount of the tax imposed by this Act in respect of the avoided
withholding tax amount referred to in subsection 128NA(4) of the Assessment Act
is an amount equal to that avoided withholding tax amount.

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986

- NOTES

Compilation Information

[GRAPHIC]Income Tax (Securities and Agreements) (Withholding Tax
Recoupment) Act 1986
Act No. 50 of 1986
This Act was prepared on 1 April 2004
Prepared by the Office of Legislative Drafting,Attorney-General's
Department, Canberra
  
  
  

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986

- NOTES

INCOME TAX (SECURITIES AND AGREEMENTS) (WITHHOLDING TAX RECOUPMENT) ACT 1986Notes to the Income Tax (Securities and Agreements) (Withholding Tax Recoupment) Act 1986

 

Note 1
Act No. 50, 1986; assented to 24 June 1986; commenced 24 June 1986
(see s. 2).