Commonwealth Places Windfall Tax (Collection) Act 1998 (Cth)

Commonwealth Places Windfall Tax (Collection) Act 1998

No. 25, 1998

Commonwealth Places Windfall Tax (Collection) Act 1998

No. 25, 1998

An Act relating to the imposition and collection of Commonwealth places windfall tax

Contents

Part 1—Preliminary 1 1 Short title..................................1 2 Commencement..............................2 3 This Act binds the Crown.........................2 4 Definitions.................................2 5 Administration...............................2

Part 2—Liability 3 6 Taxable amount..............................3 7 Liability to windfall tax..........................3

Part 3—Collection 4 8 State must withhold windfall tax from taxable amounts.......4 9 Taxpayer entitled to credit for amount deducted by State......4

Part 4—Miscellaneous 6 10 Annual report................................6 11 Arrangements with States.........................6 12 Commonwealth payments to States...................6 13 Regulations.................................6

Commonwealth Places Windfall Tax (Collection) Act 1998

No. 25, 1998

An Act relating to the imposition and collection of Commonwealth places windfall tax

[Assented to 17 April 1998]

The Parliament of Australia enacts:

Part 1—Preliminary

1 Short title

This Act may be cited as the Commonwealth Places Windfall Tax (Collection) Act 1998.

2 Commencement

This Act is taken to have commenced on 6 October 1997.

3 This Act binds the Crown

This Act binds the Crown in each of its capacities.

4 Definitions

(1) In this Act, unless the contrary intention appears:

Commissioner means the Commissioner of Taxation.

liable to repay has the meaning given by subsection (2).

State taxing law has the same meaning as in the Commonwealth Places (Mirror Taxes) Act 1998.

windfall tax means the tax payable under this Act.

(2) For the purposes of this Act, a State is liable to repay an amount to a person if: (a) the State is liable to repay the amount to the person; or (b) the State is required or permitted to offset the amount against other amounts that are owing, or may become owing, to the State by the person; or (c) the State is required or permitted to apply the amount for the benefit of the person in any other way.