2004-2005-2006

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006

No. , 2006

(Treasury)

A Bill for an Act to impose instalment transfer interest charge as a tax in some circumstances




Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006 No. , 2006

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006 No. , 2006
Contents

 

1 Short title 1

 

2 Commencement 1

 

3 Imposition 2





Section 3




Section 1

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006 No. , 2006

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006 No. , 2006

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006 No. , 2006
A Bill for an Act to impose instalment transfer interest charge as a tax in some circumstances
The Parliament of Australia enacts:

 

1 Short title

This Act may be cited as the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006.

 

2 Commencement

This Act commences, or is taken to have commenced, on 1 July 2006.

 

3 Imposition

    (1) Instalment transfer 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:

instalment transfer interest charge means the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987.

 

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