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Income Tax _Dividends_ Interest and Royalties Withholding Tax_ Act

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					Income Tax (Dividends, Interest and
Royalties Withholding Tax) Act 1974
Act No. 27 of 1974 as amended

This compilation was prepared on 28 September 2007
taking into account amendments up to Act No. 143 of 2007

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General’s Department, Canberra
Contents
              1      Short title [see Note 1].......................................................................1
              2      Commencement [see Note 1].............................................................1
              4      Definition ..........................................................................................1
              5      Incorporation .....................................................................................1
              6      Imposition of tax ...............................................................................1
              7      Rates of tax........................................................................................1

Notes                                                                                                                    3




Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974                                                iii
An Act to impose Income Tax upon certain
Dividends, Interest and Royalties derived by
Non-residents and by certain other Persons
1 Short title [see Note 1]
             This Act may be cited as the Income Tax (Dividends, Interest and
             Royalties Withholding Tax) Act 1974.

2 Commencement [see Note 1]
             This Act shall come into operation on the day on which it receives
             the Royal Assent.

4 Definition
             In this Act, the Assessment Act means the Income Tax Assessment
             Act 1936.

5 Incorporation
             The Assessment Act is incorporated and shall be read as one with
             this Act.

6 Imposition of tax
             The tax known as income tax, to the extent that that tax is payable
             in accordance with section 128B of the Assessment Act, is
             imposed on income to which that section applies.

7 Rates of tax
             The rates of income tax imposed by this Act are:
              (a) in respect of income to which subsection 128B(4) of the
                  Assessment Act applies—30%; and
              (b) in respect of income to which subsection (5) of that section
                  applies—10%; and
              (c) in respect of income to which subsection (5A) of that section
                  applies—30%.




 Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974           1
      Notes to the Income Tax (Dividends, Interest and Royalties Withholding Tax)
                                                                        Act 1974


                                                                          Table of Acts

Notes to the Income Tax (Dividends, Interest and
Royalties Withholding Tax) Act 1974
Note 1

The Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974
as shown in this compilation comprises Act No. 27, 1974 amended as indicated
in the Tables below.

Table of Acts

Act                           Number      Date           Date of              Application,
                              and year    of Assent      commencement         saving or
                                                                              transitional
                                                                              provisions
Income Tax (Dividends and     27, 1974    1 Aug 1974     1 Aug 1974
  Interest Withholding Tax)
  Act 1974
Income Tax (Dividends and     199, 1992   21 Dec 1992    24 Dec 1992 (see     —
  Interest Withholding Tax)                              s. 2)
  Amendment Act 1992
Tax Laws Amendment            143, 2007   24 Sept 2007   Schedule 7           —
 (2007 Measures No. 4)                                   (items 69–72):
 Act 2007                                                Royal Assent




Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974                 3
    Notes to the Income Tax (Dividends, Interest and Royalties Withholding Tax)
                                                                      Act 1974


                                                                                    Table of Amendments


Table of Amendments

ad. = added or inserted            am. = amended            rep. = repealed   rs. = repealed and substituted

Provision affected                         How affected
Title ........................................... am. No. 199, 1992
S. 1............................................ am. No. 199, 1992
S. 3............................................ rep. No. 143, 2007
S. 4............................................ am. No. 143, 2007
S. 6............................................ rs. No. 199, 1992
S. 7............................................ am. No. 199, 1992; No. 143, 2007
S. 8............................................ rep. No. 143, 2007




 Income Tax (Dividends, Interest and Royalties Withholding Tax) Act 1974                                       5

				
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