Commonwealth: Shortfall Interest Charge (Imposition) Act 2005 (Cth)

Shortfall Interest Charge (Imposition) Act 2005 No. 76, 2005 An Act to impose shortfall interest charge as a tax in some circumstances Contents 1 Short title 2 Commencement 3 Imposition Shortfall Interest Charge (Imposition) Act 2005 No. 76, 2005 An Act to impose shortfall interest charge as a tax in some circumstances [Assented to 29 June 2005] The Parliament of Australia enacts: 1 Short title This Act may be cited as the Shortfall Interest Charge (Imposition) Act 2005. 2 Commencement This Act commences on the day on which it receives the Royal Assent. 3 Imposition (1) Shortfall 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: shortfall interest charge means the charge worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953. [Minister's second reading speech made in— House of Representatives on 17 March 2005 Senate on 12 May 2005] (46/05)