TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 (REPEALED)
SECTION 3
NO TAX CONSEQUENCES FOR PAYMENTS UNDER SUBSECTION 891A(1) OF THE
CORPORATIONS ACT 2001
3(1)
No consequences arise, for the purposes of any Commonwealth laws relating to:
(a) tax for which liability is worked out under the income tax law; or
(b) GST;
3(2)
This section applies to any payment made after the day the Bill for this Act was introduced into the Parliament.
3(3)
In this section:
No consequences arise, for the purposes of any Commonwealth laws relating to:
(a) tax for which liability is worked out under the income tax law; or
(b) GST;
in respect of a payment under subsection 891A(1) of the Corporations Act 2001 .
3(2)
This section applies to any payment made after the day the Bill for this Act was introduced into the Parliament.
3(3)
In this section:
GST
has the same meaning as in the
A New Tax System (Goods and Services Tax) Act 1999
.
income tax law
has the same meaning as in the
Income Tax Assessment Act 1997
.
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