Taxation Laws Amendment Act (No. 1) 2003 (12 of 2003)

Schedule 1   Interest withholding tax exemptions

Income Tax Assessment Act 1936

10   Application

 

(1) The amendment made by item 4 applies to income that consists of interest derived on or after 29 August 2001.

      

(2) The amendment made by item 5 applies to an amount of the transfer price of a debenture that is, on or after 29 August 2001, deemed by section 128AA to be income that consists of interest.

      

(3) The amendment made by item 6 applies to the issue of a debenture by a company on or after 29 August 2001.

      

(4) The amendment made by item 7 applies to interest paid on or after 29 August 2001 by a company in respect of a debenture.