Victorian Numbered Acts

STATE TAXATION ACTS (GENERAL AMENDMENT) ACT 2005 (NO 36 OF 2005) - SECT 35

    (1)     In section 25(1)(a)(i) of the Taxation Administration Act 1997 , for "Treasury Note yield rate" substitute "Bank Accepted Bills rate".

    (2)     For section 25(2) of the Taxation Administration Act 1997 substitute —

    '(2)     The "Bank Accepted Bills rate" in respect of any day is the average of the daily yields for 90 day Bank Accepted Bills published by the Reserve Bank of Australia for the month of May in the financial year preceding the financial year in which the day occurs.'.

    (3)     In section 25(3) of the Taxation Administration Act 1997 , for "Treasury Note yield rate" substitute "Bank Accepted Bills rate".