House of Representatives
Taxation (Unpaid Company Tax) Assessment Bill 1982
Taxation (Unpaid Company Tax) Bill 1982
Taxation (Unpaid Company Tax) (Consequential Amendments) BILL 1982
Taxation (Unpaid Company Tax) (Consequential Amendments) Act 1982
Income Tax Assessment Amendment (Additional Tax) Bill 1982
Income Tax Assessment Amendment Act (No. 6) 1982
Explanatory Memorandum - PART I
(Circulated by authority of the Treasurer, the Hon. John Howard, M.P.)TAXATION (UNPAID COMPANY TAX) (CONSEQUENTIAL AMENDMENTS) BILL 1982
General outline
This Bill will:
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- amend the Administrative Decisions (Judicial Review) Act 1977 to exclude from review under that Act decisions relating to the assessment of recoupment tax (which will be reviewable instead under the objection and appeal provisions of the income tax law.
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- amend several other taxation Acts to provide that a liquidator or receiver of a company that has a liability to recoupment tax is required in setting aside assets of the company to pay tax to take into account the liability to recoupment tax.