Commonwealth Numbered Acts

INCOME TAX (BEARER DEBENTURES) ACT 1974 No. 128 of 1974 - SECT 3

3. Section 6 of the Income Tax (Bearer Debentures) Act 1971 is amended by
omitting paragraphs (a) and (b) and substituting the following paragraphs:-



"(a) where section 128F of the Assessment Act would apply to the interest if
the Commissioner had issued a certificate under sub-section (4) of that
section in respect of the relevant loan-10 per centum; or

   (b)  in any other case-

        (i)    in relation to an amount of interest paid or credited before
               the date of commencement of the Income Tax (Bearer Debentures)
               Act 1974-38.78619 per centum; or

        (ii)   in relation to an amount of interest paid or credited on or
               after that date-55 per centum.".
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