Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1975 No. 80 of 1975 - SECT 4

4. (1) Section 6AA of the Principal Act is amended-

   (a)  by inserting in paragraph (a) of sub-section (1), after the words
''adjacent area'' (wherever occurring), the words ''or of the Papua New Guinea
offshore area'';

   (b)  by omitting paragraphs (c), (d) and (e) of sub-section (1) and
        substituting the following paragraphs:-

''(c) the whole of each adjacent area were, and at all times had been, a part
of Australia; and

   (d)  the Papua New Guinea offshore area were, and at all times had been, a
        part of Papua New Guinea.'';

   (c)  by omitting from sub-section (2) the words '', other than the adjacent
        area in relation to the Territory of Papua or the Territory of New
        Guinea,''; and

   (d)  by omitting sub-section (4) and substituting the following
        sub-section:-

''(4) For the purposes of this section-

   (a)  'adjacent area' means an area specified in Schedule 2 to the Petroleum
        (Submerged Lands) Act 1967-1974 as being adjacent to a State or
        Territory;

   (b)  the adjacent area in relation to a Territory is the area specified in
        that Schedule as being adjacent to that Territory and, in relation to
        the Territory of Ashmore and Cartier Islands, includes the area,
        whether land or water, within the territorial limits of that
        Territory;

   (c)  a reference in this section to an adjacent area includes a reference
        to the land below that adjacent area and the space above that
        adjacent area; and

   (d)  'Papua New Guinea offshore area' means the sea-bed and subsoil
        beneath, and the space above, the waters within the areas that were
        specified in Schedule 2 to the Petroleum (Submerged Lands) Act
        1967-1974 as being adjacent, respectively, to the Territory of Papua
        and to the Territory of New Guinea, to the extent only that those
        waters are territorial waters or superjacent waters of the continental
        shelf.''.

(2) The amendments made by sub-section (1) shall be deemed to have had effect
on and from 3 April 1975.