Commonwealth: Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006 (Cth)

Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006 No. 79, 2006 An Act to impose instalment transfer interest charge as a tax in some circumstances Contents 1 Short title 2 Commencement 3 Imposition Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006 No. 79, 2006 An Act to impose instalment transfer interest charge as a tax in some circumstances [Assented to 30 June 2006] The Parliament of Australia enacts: 1 Short title This Act may be cited as the Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006. 2 Commencement This Act commences, or is taken to have commenced, on 1 July 2006. 3 Imposition (1) Instalment transfer interest charge is imposed as a tax by this section, but only to the extent to which that charge cannot validly be imposed otherwise than as a tax. (2) In this section: instalment transfer interest charge means the charge payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987. [Minister's second reading speech made in— House of Representatives on 25 May 2006 Senate on 15 June 2006] (74/06)