FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998 NO. 10, 1998 

FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998 NO. 10, 1998 
- TABLE OF PROVISIONS

1.  Short title 
2.  Commencement 
3.  Imposition of tax 
4.  Amount of tax 

FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998
No. 10, 1998
[Assented to 6 April 1998]
- LONG TITLE
An Act to impose a tax on certain distributions etc. by trusts,
partnerships and companies
FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998
No. 10, 1998
-
 SECT 1  Short title

        This Act may be cited as the Family Trust Distribution Tax (Primary
Liability) Act 1998.

FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998
No. 10, 1998
-
 SECT 2  Commencement

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

FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998
No. 10, 1998
-
 SECT 3  Imposition of tax

        Tax payable under section 271-15, 271-20, 271-25, 271-30 or 271-55 of
Schedule 2F to the Income Tax Assessment Act 1936 on the amount or value
of income or capital is imposed.

FAMILY TRUST DISTRIBUTION TAX (PRIMARY LIABILITY) ACT 1998
No. 10, 1998
-
 SECT 4  Amount of tax

        The amount of the tax imposed by this Act is 48.5% of the amount or value of
the income or capital.
[Minister's second reading speech made in--
House of Representatives on 1 October 1997
Senate on 27 October 1997 ]