NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 NO. 49, 2002 

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 NO. 49, 2002 
- TABLE OF PROVISIONS

1.   Short title   
2.   Commencement   
3.   Definition   
4.   Imposition   
5.   Amount of over-franking tax   

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 NO. 49, 2002
- LONG TITLE
[GRAPHIC]

New Business Tax System (Over-franking Tax) Act
2002

No. 49, 2002

An Act to impose over-franking tax, and for related
purposes
  
  
  

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 No. 49, 2002
- SECT 1   Short title 

 
        This Act may be cited as the New Business Tax System (Over-franking Tax)
Act 2002.

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 No. 49, 2002
- SECT 2   Commencement 

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

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 No. 49, 2002
- SECT 3   Definition 

 
        In this Act:

"over-franking tax "means over-franking tax payable under paragraph
203-50(1)(a) of the Income Tax Assessment Act 1997.

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 No. 49, 2002
- SECT 4   Imposition 

 
        Over-franking tax is imposed.

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 No. 49, 2002
- SECT 5   Amount of over-franking tax 

 
        The amount of the tax imposed by this Act is equal to the amount worked out
under paragraph 203-50(2)(a) of the Income Tax Assessment Act 1997.

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 NO. 49, 2002
- NOTES
Compilation Information

[GRAPHIC]
New Business Tax System (Over-franking Tax) Act 2002
No. 49, 2002
An Act to impose over-franking tax, and for related purposes
[Assented to 29 June 2002]
The Parliament of Australia enacts:

NEW BUSINESS TAX SYSTEM (OVER-FRANKING TAX) ACT 2002 NO. 49, 2002
- NOTES
Note
[Minister's second reading speech made in--
House of Representatives on 30 May 2002
Senate on 19 June 2002]
(121/02)