Income Tax (Mining Withholding Tax) Act 1979

1 Short title [see Note 1]

This Act may be cited as the Income Tax (Mining Withholding Tax) Act 1979.

2 Commencement [see Note 1]

This Act shall come into operation on the day on which it receives the Royal Assent.

3 Interpretation

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

4 Incorporation

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

5 Imposition of tax

The tax known as income tax, to the extent that it is payable in accordance with section 128V of the Assessment Act, is imposed, and shall be levied and paid.

6 Rate of tax

The rate of income tax imposed by this Act is 4%.

The Income Tax (Mining Withholding Tax) Act 1979 as shown in this compilation comprises Act No. 28, 1979 amended as indicated in the Tables below.

Table of Acts

Notes to the Income Tax (Mining Withholding Tax) Act 1979

Note 1

(a) The Income Tax (Mining Withholding Tax) Act 1979 was amended by sections 117 and 118 only of the Taxation Laws Amendment Act (No. 3) 1994, subsection 2(1) of which provides as follows:

Subject to this section, this Act commences on the day on which it receives the Royal Assent.

Table of Amendments

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 = repealed rs. = repealed and substituted