WAR-TIME (COMPANY) TAX ASSESSMENT.

No. 59 of 1947.

An Act to amend the War-time (Company) Tax Assessment Act 1940-1946.

[Assented to 27th November, 1947.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the War-time (Company) Tax Assessment Act 1947.

(2.) The War-time (Company) Tax Assessment Act 1940–1946 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the War-time (Company) Tax Assessment Act 1940–1947.

Commencement.

2. This Act shall be deemed to have come into operation on the first day of July, One thousand nine hundred and forty-seven.

Definitions.

3. Section three of the Principal Act is amended by omitting from sub-section (1.) the definition of “present war”.

War-time (Company) Tax.

4. Section thirteen of the Principal Act is amended by omitting the words “next succeeding that in which the present war terminates” and inserting in their stead the words “which commenced on the first day of July, One thousand nine hundred and forty-six”.