TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 NO. 56, 2004 

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 NO. 56, 2004 
- TABLE OF PROVISIONS

1.   Short title   
2.   Commencement   
3.   No tax consequences for payments under subsection 891A(1) of the Corporations Act 2001   

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 NO. 56, 2004
- LONG TITLE

[GRAPHIC]

Taxation Laws (Clearing and Settlement Facility Support)
Act 2004

No. 56, 2004

An Act to negate tax consequences relating to payments
under section 891A of the Corporations Act 2001, and for related
purposes
  
  
  

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 No. 56, 2004
- SECT 1   Short title 

 
        This Act may be cited as the Taxation Laws (Clearing and Settlement
Facility Support) Act 2004.

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 No. 56, 2004
- SECT 2   Commencement 

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

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 No. 56, 2004
- SECT 3   No tax consequences for payments under subsection 891A(1) of the Corporations Act 2001 

(1)  No consequences arise, for the purposes of any Commonwealth laws relating
to:

    (a)    tax for which liability is worked out under the income tax law; or
    (b)    GST;
in respect of a payment under subsection 891A(1) of the Corporations Act
2001.

(2)  This section applies to any payment made after the day the Bill for this
Act was introduced into the Parliament.

(3)  In this section:

"GST" has the same meaning as in the A New Tax System (Goods and
Services Tax) Act 1999.

"income tax law" has the same meaning as in the Income Tax
Assessment Act 1997.

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 NO. 56, 2004
- NOTES
Compilation Information

[GRAPHIC]
Taxation Laws (Clearing and Settlement Facility Support) Act 2004
No. 56, 2004
An Act to negate tax consequences relating to payments under
section 891A of the Corporations Act 2001, and for related
purposes
[Assented to 27 April 2004]
The Parliament of Australia enacts:

TAXATION LAWS (CLEARING AND SETTLEMENT FACILITY SUPPORT) ACT 2004 NO. 56, 2004
- NOTES
Note

Minister's second reading speech made in--
House of Representatives on 4 December 2003
Senate on 11 February 2004]
(203/03)