Shortfall Interest Charge (Imposition) Act 2005

This Act may be cited as the Shortfall Interest Charge (Imposition) Act 2005.

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

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.

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)