Family Trust Distribution Tax (Secondary Liability) Act 1998 (Cth)

Family Trust Distribution Tax (Secondary Liability) Act 1998

Act No. 11 of 1998 as amended

This compilation was prepared on 4 July 2011 taking into account amendments up to Act No. 41 of 2011

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1] 2 Commencement [see Note 1] 3 Imposition of tax 4 Amount of tax

Notes An Act to impose a tax in respect of certain unpaid family trust distribution tax

1 Short title [see Note 1]

This Act may be cited as the Family Trust Distribution Tax (Secondary Liability) Act 1998.

2 Commencement [see Note 1]

This Act commences on the day on which it receives the Royal Assent.

3 Imposition of tax

Tax payable under section 271‑60 or 271‑65 in Schedule 2F to the Income Tax Assessment Act 1936 on an unpaid amount is imposed.

4 Amount of tax

The amount of the tax imposed by this Act is equal to the unpaid amount. Notes to the Family Trust Distribution Tax (Secondary Liability) Act 1998

Note 1

The Family Trust Distribution Tax (Secondary Liability) Act 1998 as shown in this compilation comprises Act No. 11, 1998 amended as indicated in the Tables below.

Table of Acts Act Number Date Date of commencement Application, saving or transitional provisions and year of Assent Family Trust Distribution Tax (Secondary Liability) Act 1998 11, 1998 6 Apr 1998 6 Apr 1998 Tax Laws Amendment (2011 Measures No. 2) Act 2011 41, 2011 27 June 2011 Schedule 5 (item 374): Royal Assent —