Commonwealth of Australia Bills Commonwealth of Australia Bills[Index] [Search] [Download] [Related Items] [Help]
This is a Bill, not an Act. For current law, see the Acts databases.
Presented and read a first time
Income Tax (Managed Investment Trust Transitional) Bill 2008
No. , 2008
(Treasury)
A Bill for an Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes
Income Tax (Managed Investment Trust Transitional) Bill 2008 No. , 2008
Income Tax (Managed Investment Trust Transitional) Bill 2008 No. , 2008
Contents
1 Short title 1
2 Commencement 1
3 Imposition of tax 2
4 Rate of tax 2
Section 3
Section 1
Income Tax (Managed Investment Trust Transitional) Bill 2008 No. , 2008
Income Tax (Managed Investment Trust Transitional) Bill 2008 No. , 2008
Income Tax (Managed Investment Trust Transitional) Bill 2008 No. , 2008
A Bill for an Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Income Tax (Managed Investment Trust Transitional) Act 2008.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Imposition of tax
The tax known as income tax, to the extent that that tax is payable by an entity in accordance with section 840-805 of the Income Tax (Transitional Provisions) Act 1997, is imposed on amounts to which that section applies.
4 Rate of tax
The rate of income tax imposed by this Act is 22.5%.
[Index] [Search] [Download] [Related Items] [Help]