State Enterprises (Commonwealth Tax Equivalents) Act 1996 (WA)

Western Australia State Enterprises (Commonwealth Tax Equivalents) Act 1996 Western Australia State Enterprises (Commonwealth Tax Equivalents) Act 1996 Contents 1. Short title 1 2. Commencement 1 3. Application in 1996/97 financial year 1 4. Interpretation 2 5. Payment of amount in lieu of Commonwealth tax 2 6. Application of section 5 to State enterprises 2 7. Determination of amounts under section 5 3 8. Regulations 3 9. Repeal and transitional provisions 3 Notes Compilation table 5 Defined terms Western Australia State Enterprises (Commonwealth Tax Equivalents) Act 1996 An Act to authorise the imposition on State enterprises of liability to pay to the Consolidated Account amounts equivalent to income and sales tax from which they are exempt under Commonwealth law, to repeal the Public Authorities (Contributions) Act 1974 and to amend certain other Acts 2. [Long title amended: No. 77 of 2006 s. 4.]

1. Short title This Act may be cited as the State Enterprises (Commonwealth Tax Equivalents) Act 1996 1.

2. Commencement This Act comes into operation on such day as is fixed by proclamation 1.

3. Application in 1996/97 financial year (1) If when this Act commences the obligation in section 5 applies to a State enterprise in respect of the financial year that began on 1 July 1996, the application of the obligation extends to the period from 30 June 1996 to the commencement of this Act. (2) Regulations made under section 6(2) may vary the operation of subsection (1) in respect of a particular State enterprise. (3) When this Act commences the repeal and amendments made by sections 9 and 10 are to be taken to have come into operation on 1 July 1996.

4. Interpretation In this Act, unless the contrary intention appears — financial year includes part of a financial year; income tax means the tax levied under section 17 of the Income Tax Assessment Act 1936 of the Commonwealth; sales tax means the tax that is payable under the Sales Tax Assessment Act 1992 of the Commonwealth; State enterprise means — (a) a company; or (b) a body established by a written law, that is for the time being a State/Territory body (and not an excluded STB) under Division 1AB of Part III of the Income Tax Assessment Act 1936 of the Commonwealth or section 3D of the Sales Tax (Exemptions and Classifications) Act 1992 of the Commonwealth.