TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 (REPEALED)
SECTION 1
1
SHORT TITLE
This Act may be cited as the Taxation Laws (Clearing and Settlement Facility Support) Act 2004. SECTION 2 2 COMMENCEMENT
This Act commences on the day on which it receives the Royal Assent. 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:
This Act may be cited as the Taxation Laws (Clearing and Settlement Facility Support) Act 2004. SECTION 2 2 COMMENCEMENT
This Act commences on the day on which it receives the Royal Assent. 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;
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.