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This is a Bill, not an Act. For current law, see the Acts databases.
Presented and read a first time
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007
No. , 2007
(Treasury)
A Bill for an Act to impose trustee beneficiary non-disclosure tax, and for related purposes
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 No. , 2007
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 No. , 2007
Contents
1 Short title 1
2 Commencement 1
3 Imposition of trustee beneficiary non-disclosure tax 2
4 Rate of trustee beneficiary non-disclosure tax 2
Section 3
Section 1
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 No. , 2007
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 No. , 2007
Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007 No. , 2007
A Bill for an Act to impose trustee beneficiary non-disclosure tax, and for related purposes
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007.
2 Commencement
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information
Column 1
Column 2
Column 3
Provision(s)
Commencement
Date/Details
1. Sections 1 and 2 and anything in this Act not elsewhere covered by this table
The day on which this Act receives the Royal Assent.
2. Sections 3 and 4
At the same time as Schedule 4 to the Tax Laws Amendment (2007 Measures No. 4) Act 2007 commences.
Note: This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.
(2) Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.
3 Imposition of trustee beneficiary non-disclosure tax
Tax payable under paragraph 102UK(2)(a) of the Income Tax Assessment Act 1936 is imposed on the amount mentioned in that paragraph.
4 Rate of trustee beneficiary non-disclosure tax
The rate of tax imposed by this Act on the share of the net income is 46.5%.
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