Franchise Fees Windfall Tax (Imposition) Act 1997

No. 133, 1997

An Act to impose franchise fees windfall tax, and for related purposes

Contents

1 Short title........................................1

2 Commencement....................................1

3 This Act binds the Crown..............................1

4 Imposition of franchise fees windfall tax......................2

Franchise Fees Windfall Tax (Imposition) Act 1997

No. 133, 1997

An Act to impose franchise fees windfall tax, and for related purposes

Assented to 19 September 1997

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Franchise Fees Windfall Tax (Imposition) Act 1997.

2  Commencement

  This Act is taken to have commenced at the same time as the Franchise Fees Windfall Tax (Collection) Act 1997.

3  This Act binds the Crown

  This Act binds the Crown in each of its capacities.

4  Imposition of franchise fees windfall tax

 (1) Franchise fees windfall tax is hereby imposed at the rate of 100%.

 (2) In this section:

franchise fees windfall tax means the tax that is payable under the Franchise Fees Windfall Tax (Collection) Act 1997.

Minister’s second reading speech made in

House of Representatives on 28 August 1997

Senate on 3 September 1997