Franchise Fees Windfall Tax (Imposition) Act 1997

1 Short title

This Act may be cited as the Franchise Fees Windfall Tax (Imposition) Act 1997.

2 Commencement

This Act is taken to have commenced at the same time as the Franchise Fees Windfall Tax (Collection) Act 1997.

3 This Act binds the Crown

This Act binds the Crown in each of its capacities.

4 Imposition of franchise fees windfall tax

Franchise fees windfall tax is hereby imposed at the rate of 100%.

In this section:

franchise fees windfall tax means the tax that is payable under the Franchise Fees Windfall Tax (Collection) Act 1997.

Minister’s second reading speech made in

House of Representatives on

Senate on

(131/97)