Commonwealth Numbered Acts

INCOME TAX (COMPANIES AND SUPERANNUATION FUNDS) ACT 1977 No. 130 of 1977 - SECT 9

9. (1) The tax imposed by this Act is levied, and shall be paid, for the
financial year that commenced on 1 July 1977.

(2) Until the Parliament otherwise provides, the tax imposed by this Act is
also levied, and shall be paid, for the financial year commencing on 1 July
1978.

(3) For the purposes of its application in accordance with sub- section (2),
this Act has effect as if the reference in sub-section 7 (3) to 54.17 per
centum were a reference to 60 per centum.