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Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974

Act No. 27 of 1974 as amended

This compilation was prepared on 28 September 2007
taking into account amendments up to Act No. 143 of 2007

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra



Contents
           1     Short title [see Note 1]    1
           2     Commencement [see Note 1]   1
           4     Definition  1
           5     Incorporation    1
           6     Imposition of tax      1
           7     Rates of tax     1

Notes 3
An Act to impose Income Tax upon certain Dividends, Interest and Royalties
derived by Non-residents and by certain other Persons

1  Short title [see Note 1]

            This Act may be cited as the Income Tax (Dividends, Interest
         and Royalties Withholding Tax) Act 1974.

2  Commencement [see Note 1]

            This Act shall come into operation on the day on which it
         receives the Royal Assent.

4  Definition

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

5  Incorporation

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

6  Imposition of tax

            The tax known as income tax, to the extent that that tax is
         payable in accordance with section 128B of the Assessment Act, is
         imposed on income to which that section applies.

7  Rates of tax

            The rates of income tax imposed by this Act are:
      (a)   in respect of income to which subsection 128B(4) of the
             Assessment Act applies-30%; and
      (b)   in respect of income to which subsection (5) of that section
             applies-10%; and
      (c)   in respect of income to which subsection (5A) of that section
             applies-30%.
Notes to the Income Tax (Dividends, Interest and Royalties Withholding Tax)
Act 1974

Note 1


The Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974
as shown in this compilation comprises Act No. 27, 1974 amended as
indicated in the Tables below.

Table of Acts

|Act             |Number  |Date     |Date of    |Applica|
|                |and year|of Assent|commencemen|tion,  |
|                |        |         |t          |saving |
|                |        |         |           |or     |
|                |        |         |           |transit|
|                |        |         |           |ional  |
|                |        |         |           |provisi|
|                |        |         |           |ons    |
|Income Tax      |27, 1974|1 Aug    |1 Aug 1974 |       |
|(Dividends and  |        |1974     |           |       |
|Interest        |        |         |           |       |
|Withholding Tax)|        |         |           |       |
|Act 1974        |        |         |           |       |
|Income Tax      |199,    |21 Dec   |24 Dec 1992|-      |
|(Dividends and  |1992    |1992     |(see s. 2) |       |
|Interest        |        |         |           |       |
|Withholding Tax)|        |         |           |       |
|Amendment Act   |        |         |           |       |
|1992            |        |         |           |       |
|Tax Laws        |143,    |24 Sept  |Schedule 7 |-      |
|Amendment (2007 |2007    |2007     |(items 69-7|       |
|Measures No. 4) |        |         |2): Royal  |       |
|Act 2007        |        |         |Assent     |       |
Table of Amendments

|ad. = added or inserted      am. = amended      rep. =|
|repealed    rs. = repealed and substituted            |
|Provision affected|How affected                        |
|Title             |am. No. 199, 1992                   |
|S. 1              |am. No. 199, 1992                   |
|S. 3              |rep. No. 143, 2007                  |
|S. 4              |am. No. 143, 2007                   |
|S. 6              |rs. No. 199, 1992                   |
|S. 7              |am. No. 199, 1992; No. 143, 2007    |
|S. 8              |rep. No. 143, 2007                  |