Whole Act
3 provisions in continuous reading order
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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)