QueenslandDEBITSTAXACT1990Reprinted as in force on 22 May 2002(includes amendments up to Act No. 17 of
2002)Reprint No. 2DThis reprint is
prepared bythe Office of the Queensland Parliamentary
CounselWarning—This reprint is not an authorised
copyNOT FURTHER AMENDEDLAST REPRINT
BEFORE REPEALSee 2005 Act No. 25 s 4
Information about this reprintThis
Act is reprinted as at 22 May 2002. The reprint shows the law as
amended by allamendments that commenced on or before that
day (Reprints Act 1992 s 5(c)).The reprint
includes a reference to the law by which each amendment was
made—see listof legislation and list of annotations in
endnotes.This page is specific to this reprint. See
previous reprints for information about earlierchanges made under
the Reprints Act 1992. A table of earlier reprints is included in
theendnotes.Also see endnotes
for information about—•when provisions
commenced•editorial changes made in earlier
reprints.
s13s2Debits
Tax Act 1990DEBITS TAX ACT 1990[as amended by
all amendments that commenced on or before 22 May 2002]An Act
to provide for the imposition and collection of a tax in
respectof certain debits made to accounts kept with
financial institutionsand for related purposesPART
1— PRELIMINARY1Short titleThis Act may be
cited as theDebits Tax Act 1990.2Definitions(1)In
this Act—“ADI”means a body corporate for which an
authority under theBankingAct 1959(Cwlth), section 9(3), is in force.“applied provisions”means the
provisions applying by virtue of section 8.“CommonwealthAct”meanstheDebitsTaxAdministrationAct1982(Cwlth).“financial
institution”means a financial institution within the
meaning oftheCheques Act 1986(Cwlth).(2)In the applied provisions, a reference
to ‘this Act’, ‘part’, ‘section’,‘subsection’,
‘paragraph’ and ‘subparagraph’ is a reference to the appliedprovisions,apartoftheappliedprovisions,asectionoftheappliedprovisions,asubsectionoftheappliedprovisions,aparagraphoftheappliedprovisionsandasubparagraphoftheappliedprovisionsrespectively.
s34s4Debits
Tax Act 19903IncorporationThe applied
provisions are incorporated in and are to be read as one
withthis Act.PART
2—IMPOSITION AND AMOUNT OF TAX4Imposition of tax(1)Tax
is imposed in respect of—(a)each taxable
debit of not less than $1 made to a taxable account;and(b)eacheligibledebitofnotlessthan$1madetoanexemptaccount; and(c)each
eligible debit of not less than $1 made to an account keptoutside Queensland where—(i)atthetimewhenthedebitismade,thepersoninwhosename, or either
or any of the persons in whose names, theaccount is kept
is a resident of Queensland; and(ii)itwouldbeconcludedthattheaccountwasusedinconnection with
the transaction that resulted in the debit forthe purpose, or
for purposes that included the purpose, ofenabling—(A)thepersoninwhosename,oreitheroranyofthepersons in whose names, the account is kept;
or(B)any other person;toavoidliabilityforpaymentofthetaxthatwouldhavebeen
imposed if the debit that resulted from that transactionhad
been made to an account kept in Queensland.(2)The
conclusion referred to in subsection (1)(c)(ii) is not to be
drawnwhere, under the law of the place where the
account is kept, the personconcerned would be liable, in relation
to the use of the account, to pay taxof a similar kind
to the tax imposed by this section.
s55s7Debits
Tax Act 19905Amount of taxThe amount of tax
in respect of a taxable debit or eligible debit is theamountsetoutinschedule1,column2oppositetothereferenceinschedule 1, column 1 to the range of amounts
within which the amount ofthat debit is included.6Accounts kept outside
QueenslandAreferenceinthisparttoadebitmadetoanaccountkeptoutsideQueenslandincludesareferencetoadebitmadetoanaccount(a“non-bankaccount”)keptoutsideQueenslandwithafinancialinstitution
(including an account kept by way of withdrawable share
capitalin, or money deposited with, the institution)
where—(a)anotheraccountiskeptwithanADIinthenameoftheinstitution; and(b)the
non-bank account has characteristics such that a cheque maybe
drawn on the ADI by the institution and, at a time when it
isincomplete, be delivered by the institution
to a customer under anagreement under which—(i)the customer is authorised to fill up
the cheque; and(ii)theinstitutionisauthorised,forthepurposeofmakingapayment to the ADI to enable the ADI to
honour the cheque,to debit the non-bank account.PART
3—LIABILITY TO TAX AND APPLICATION OFCOMMONWEALTH
ACT7Liability to tax(1)A
financial institution with which a taxable account is kept and
theaccount holder (or, if there are 2 or more
account holders, those account
s86s9Debits
Tax Act 1990holders) are jointly and severally liable to
pay the tax imposed by this Acton a taxable debit
made to the account.(2)If—(a)under
section 4(1)(c), tax is imposed on an eligible debit to anaccount kept outside Queensland; and(b)the financial institution with which
the account is kept promotedthe establishing
and keeping of the account outside Queensland;and(c)it would be concluded that the sole or
dominant purpose of thepromotionwastoencourageavoidanceoftheliabilityforpayment of tax imposed by this
Act;the financial institution and the account
holder (or, if there are 2 or moreaccount holders,
the account holders) are jointly and severally liable to paythe
tax.(3)The account holder of another account
is liable (or, if there are 2 ormoreaccountholders,thoseaccountholdersarejointlyandseverallyliable) to pay the
tax imposed by this Act on an eligible debit made to theaccount.8Commonwealth Act applies as law of
QueenslandThe Commonwealth Act (other than sections 1,
2, 6 and 8) applies as lawof Queensland and so applies as if
amended as set out in schedule 2.PART
4—ARRANGEMENTS WITH THECOMMONWEALTH9Arrangements for and administration of this
Act(1)The commissioner may make an
arrangement with the commissionerof taxation
appointed under theTaxation Administration Act 1953(Cwlth)about any matter
connected with the administration of this Act.(2)In
particular, an arrangement may provide—
s
107s 11Debits Tax Act
1990(a)fortheperformanceoffunctionsandexerciseofpowersconferred under
section 10 by the commissioner of taxation or asecond
commissioner of taxation; or(b)fortheperformanceoffunctionsorexerciseofpowersofthecommissioner under this Act by
officers or employees under thecontrol of the
commissioner of taxation.10Conferral of
functions and powers on commissioner of taxation(1)Subjecttosubsection(2),thecommissioneroftaxationoftheCommonwealthandthesecondcommissionersoftaxationhavethefunctions and powers of the
commissioner under this Act.(2)Thecommissioneroftaxationorasecondcommissionerisnottoperform a function
or exercise a power conferred by subsection (1) exceptin
accordance with an arrangement made under section 9.PART
5—PENAL PROVISIONS11Offences(1)A
person is not—(a)tofailortoneglecttofurnishanyreturnorinformationorcomply with any requirement of the
commissioner or any officeremployed in the administration of this
Act and duly authorisedby the commissioner as and when
required by this Act or by thecommissioner or
officer; or(b)withoutjustcause,torefuseortoneglecttoattendandgiveevidencewhenrequiredbythecommissioneroranyofficeremployed in the
administration of this Act and duly authorisedby the
commissioner, or to answer truly and fully any questionsput
to the person; or(c)to make or to deliver a return which
is false in any particular or tomake any false
answer whether orally or in writing.Maximum
penalty—100 penalty units.
s
128s 14Debits Tax Act
1990(2)A person is not, without just cause,
to refuse or to neglect to produceanybooksrequiredofthepersonbythecommissioneroranyofficeremployedintheadministrationofthisActanddulyauthorisedbythecommissioner.Maximum penalty—50
penalty units.(3)A person who, after conviction for an
offence against this section,continues to fail
to comply with the requirements in respect of which thatperson
was convicted, is guilty of an offence and punishable as provided
insection 12.(4)If an
offence against this section arises under subsection (1)(a) or
(b)or under subsection (2) because of the
neglect or failure of a person to doanythingwithinaparticularperiod,theoffenceis,forthepurposesofsubsection (3), taken to continue for
as long as the thing remains undone,despite the
lapsing of that period.12Evading
taxA person is not, by any wilful act, default
or neglect, or by any fraud, actorcontrivancewhatever,toevadeortoattempttoevadetaxchargeableunder this
Act.Maximum penalty—100 penalty units and treble
the amount of tax evadedor attempted to be evaded.13Time for commencing
prosecutions(1)Aprosecutioninrespectofanoffenceagainstsection12maybecommenced at any
time within 3 years after the commission of the offence.(2)A prosecution in respect of an offence
arising under section 11(1)(a)or (c) may be
commenced at any time.14Penalties not to
relieve from taxPaymentofapenaltyunderthisActdoesnotrelieveapersonfromliability to any tax for which that person
would otherwise be liable.
s
159s 18Debits Tax Act
199015Obstructing officersApersonwhoobstructsorhindersanypersonactingintheadministration of
this Act is guilty of an offence.Maximum penalty—50
penalty units.16Offences by bodies corporateIf a
body corporate is guilty of an offence against this Act, each of
thechairperson of directors, managing director
or other officer, by whatevername called, and
every member of the governing body, by whatever namecalled,istobetakentohavecommittedtheoffenceandisliabletobeproceeded against and punished
accordingly.17Defence to chargeIt is a defence
to a charge of an offence against this Act brought against apersonspecifiedinsection16toprovethattheoffencewascommittedwithout that
person’s knowledge or connivance and that the person couldnot by
due diligence have prevented the commission of the offence.PART
6—GENERAL18Commonwealth Act exemptions
continuedAcertificateofexemptioninforceundersection11oftheCommonwealth Act
immediately before the commencement of this sectioncontinues,untilitceasestobeinforceundersection11oftheappliedprovisions, to be
a certificate of exemption for the purposes of this
Act.
10Debits Tax Act 1990SCHEDULE
1AMOUNT OF TAXsection 5Column 1Column 2Range
of taxable debits or eligible debitsAmount of
tax$$1 or more but less than $100 . . . . .
. . . . . . . . . . . . . . . .0.30$100
or more but less than $500 . . . . . . . . . . . . . . . . . .
.0.70$500 or more but less than $5 000. . .
. . . . . . . . . . . . . . .1.50$5 000
or more but less than $10 000 . . . . . . . . . . . . . . .3.00$10 000 or more. . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . .4.00
11Debits Tax Act 1990SCHEDULE
2MODIFICATIONS OF COMMONWEALTH ACTsection 8The Commonwealth
Act applies as if—1.In section 3(1)—(a)for
the definition “account” there were substituted—‘“account”means:(a)a primary account; or(b)a source of funds account;“account certificate”means a
certificate under section 11B;’;(b)afterthedefinition“assessment”thefollowingdefinitionwereinserted—‘“certificate account”means an account
of a class for which an accountcertificate is in
force;’;(c)the definition “bank” were
omitted;(d)for the definition “Commissioner”
there were substituted—‘“Commissioner”means the
Commissioner of State Revenue appointedunder theTaxation Administration Act 2001;’;(e)the definition
“Deputy Commissioner” were omitted;(f)in
the definition “excluded debit”—(i)in
paragraph (a)(ii)—(A)for ‘8(3) and (4), would be entitled
to exemption fromthetaxbyvirtueofanyotherlaw’thereweresubstituted ‘8(3) and (4) of the
Commonwealth Act asin force immediately before the commencement
of thisActwouldhavebeenentitledtoexemptionfromthetax within the meaning of the
Commonwealth Act byvirtue of any law’;(B)for
‘Australia’ there were substituted ‘Queensland’;
12Debits Tax Act 1990SCHEDULE 2
(continued)(ii)in paragraph (a)(iii) for ‘8(3) and
(4), would be entitled toexemptionfromthetaxbyvirtueofanyotherlaw’therewere substituted
‘8(3) and (4) of the Commonwealth Act asin force
immediately before the commencement of this Actwould have been
entitled to exemption from the tax withinthemeaningoftheCommonwealthActbyvirtueofanylaw’;(iii)inparagraph(b)for‘Australia’(wheretwiceoccurring)there
were substituted ‘Queensland’ in each case;(g)inthedefinition“exemptaccount”for‘Australia’thereweresubstituted ‘Queensland’;(h)for the definition “exempt debit”
there were substituted—‘“exempt
debit”, in relation to an account, means:(a)a debit that is made solely for
reversing a credit previously madeto the account;
or(b)adebitthatismadefordeductinganamountundersubsection 221YHZC(1A)oftheIncomeTaxAssessmentAct 1936(Cwlth); or(c)a
debit that is made for recovering from the account holder anamount equal to an amount of tax that the
financial institution haspaid or is liable to pay; or(d)a debit that is a transfer debit;
or(e)if the account is a loan account to
which transfer debits may bemade (other than
a loan account to which payments by a financialinstitutionforchequesdrawnon
the institution by the accountholder,orbyany1ormoreoftheaccountholders,maybedirectly debited)—a debit that is made
to the account; or(f)if the account is a certificate
account—a debit that is made to theaccount;
or(g)adebitthatisincludedinakindorclassofdebitsthatareprescribed for this
paragraph;’;(i)for the definition “financial
institution” there were substituted—‘“financial institution”means a financial
institution within the meaningof theCheques Act 1986(Cwlth);’;
13Debits Tax Act 1990SCHEDULE 2
(continued)(j)the definition “non-bank financial
institution” were omitted;(k)in the definition
“officer”, ‘Australian’ were omitted;(l)afterthedefinition“person”thefollowingdefinitionwereinserted—‘“primary account”means an account
kept with a financial institution,being an account
to which payments by the financial institution forcheques drawn on the financial institution
by the account holder, or byany 1 or more of
the account holders, may be debited;’;(m)the
definition “Second Commissioner” were omitted;(n)beforethedefinition“tax”thefollowingdefinitionwereinserted—‘“sourceoffundsaccount”meansanaccount(otherthanaprimaryaccount) kept with or by a financial
institution to which transfer debitsmay be
made;’;(o)for the definition “tax” there were
substituted—‘“tax”means tax imposed
by theDebits Tax Act 1990, part
2;’;(p)inthedefinition“taxableaccount”for‘Australia’thereweresubstituted ‘Queensland’;(q)after the definition “taxable debit”
the following definition wereinserted—‘“transferdebit”meansadebitmadebyafinancialinstitutiontoanaccount kept with or by the financial
institution, but only to the extentthe debit is made
(whether directly or indirectly through 1 or moreinterposed accounts) for a debit—(a)made, or to be made, to a primary
account kept with the financialinstitution;
and(b)made,ortobemade,tosatisfyachequeonthefinancialinstitution;’;(r)the
definition “Tribunal” were omitted.2.In
section 3(2), other than section 3(2)(b)(i), for ‘Australia’ there
weresubstituted ‘Queensland’ in each case.2A.For section 3(2)(b)(i), there were
substituted—
14Debits Tax Act 1990SCHEDULE 2
(continued)‘(i)thecompanywas,atthattime,incorporatedunderaQueenslandActoracompanywithinthemeaningoftheCorporationsActthatwastakentoberegisteredinQueensland under that Act; or’.3.In section 3(8), for ‘Commonwealth’
(where twice occurring) there weresubstituted
‘State’ in each case.4.Section 3(9) were
omitted.5.For section 4 there were
substituted—‘4General administration of Act‘The
commissioner has the general administration of this Act.’.6.Insection7,for‘Commonwealth’(whereveroccurring)thereweresubstituted ‘State’ in each
case.7.In section 7(2), for ‘$5,000’ there
were substituted ‘85 penalty units’.8.In
section 7(4)—(a)‘, a Second Commissioner, a Deputy
Commissioner,’ and ‘, by aSecondCommissionerorbyaDeputyCommissioner,’wereomitted; and(b)for
‘the Tribunal’ there were substituted ‘a Court’.8A.In section 7(4), the following were
inserted—‘(c)a person for the administration or
enforcement of a recognisedlaw under theTaxation
Administration Act 2001.’.9.In
section 7(6), for ‘Minister’ there were substituted ‘Minister
unless thecommunication is made with the consent
(express or implied) of the personto whose affairs
the information relates’.10.In section 7(7),
‘, a Second Commissioner or a Deputy Commissioner’were
omitted.11.In section 9(1)(a), for ‘8(1)’ there
were substituted ‘7(1) of theDebitsTax
Act 1990’.12.In section 11(1),
for ‘Australia’ there were substituted ‘Queensland’.13.Insection11A(1),for‘$10,000’thereweresubstituted‘170
penaltyunits’.
15Debits Tax Act 1990SCHEDULE 2
(continued)14.Insection11A(2),for‘acertificateofexemption’thereweresubstituted ‘an account certificate or
certificate of exemption’.15.After section 11A
the following section were inserted in Part III—‘11B
Certificate accounts‘(1)Afinancialinstitutionmaymakewrittenapplicationtothecommissioner for a certificate for a
class of accounts—(a)that are not primary accounts to which
payments by the financialinstitution for cheques drawn on the
financial institution by anaccount holder, or by any 1 or more of
the account holders, maybe directly debited; and(b)that are kept in Queensland;
and(c)to which transfer debits may be
made.‘(2)Thefinancialinstitutionmustgivethecommissionertheinformation the commissioner asks for to help
the commissioner decide theapplication.‘(3)Thecommissionermayissuethecertificateonlyifthecommissionerissatisfiedaccountsoftheclassarenotsufficientlyconnected with any
primary account.‘(4)Indecidingwhetherornotaccountsoftheclassaresufficientlyconnected with any
primary account, the commissioner must have regardto—(a)thetermsonwhichtheaccountsandanyprimaryaccounttowhich the accounts may be connected
are established; and(b)the circumstances in which transfer
debits may be made to theaccounts for debits made, or to be
made, to a primary account;and(c)thefrequencywithwhichtransferdebitsmaybemadetotheaccounts; and(d)any
other circumstances the commissioner considers appropriate.‘(5)For subsection
(4)(b), the circumstances to which the commissionermay
have regard include, in particular—(a)if
the primary account is an overdraft account—whether the solepurpose of any transfer debit is to reduce a
debit balance in the
16Debits Tax Act 1990SCHEDULE 2
(continued)primary account to an agreed overdraft limit
(if the excess of thedebit balance over the limit arises
inadvertently); and(b)in any other case—whether the sole
purpose of any transfer debitis to offset a
debit balance in the primary account (if the debitbalance arises inadvertently).‘(6)An account
certificate—(a)maybeissuedonconditionsthecommissionerconsidersappropriate about the nature of any
connection with a primaryaccount; and(b)if
issued on conditions—must state the conditions.‘(7)If a certificate account ceases to
satisfy the conditions of the accountcertificate, the
account ceases to be a certificate account for the period
theaccount does not satisfy the
conditions.‘(8)An account
certificate—(a)comes into force on the day stated in
the certificate (which maybe a day before the day on which the
certificate is issued); and(b)remains in force
until—(i)the expiry day stated in the
certificate; or(ii)if no expiry day is stated—no accounts
of the class exist.’.16.In section 12,
subsection (2) were omitted.17.Insection12(4),for‘8(2)’(wheretwiceoccurring)thereweresubstituted ‘7(3) of theDebits Tax Act
1990’ in each case.18.In
section 13(1)(b), for ‘Commonwealth’ there were substituted
‘State’.19.In section 13(5), for ‘Commonwealth’
(where twice occurring) therewere substituted
‘State’ in each case.20.In section
14(1)(b), for ‘Commonwealth’ there were substituted ‘State’.21.In section 17, for subsection (6)
there were substituted—‘(6)The
Commissioner may, in the Commissioner’s discretion, remit
thewholeoranypartoftheadditionaltaxpayablebyapersonunderthissection and may do so before an
assessment is made under subsection (4)of the additional
tax.’.
17Debits Tax Act 1990SCHEDULE 2
(continued)22.In section 18, for ‘Commonwealth’
(where twice occurring) there weresubstituted
‘State’ in each case.23.In section 20,
the definition ‘Federal Court’ were omitted.24.In
section 23, for ‘either—’ to the end thereof there were substituted
‘arequest to refer the decision to the Supreme
Court.’.25.In section 25(3), for ‘Tribunal’ there
were substituted ‘Supreme Court’.26.Insection25A(1),for‘practicable—’totheendthereofthereweresubstituted ‘practicable send the application
to the Supreme Court.’.27.Section 25A(2)
were omitted.28.In section 25A, for subsections (3)
and (4) there were substituted—‘(3)ThesendingofanapplicationtotheSupremeCourtundersubsection
(1)constitutesthemakingbythepersonconcernedofanapplicationtothecourttoextendthetimewithinwhichtherequestconcerned may be
lodged with the Commissioner.‘(4)The court may grant or refuse the
application.’.29.Section 25B(2) were omitted.30.In section 25B(3), for ‘Federal’ there
were substituted ‘Supreme’.31.Insection25D,for‘areviewbeforetheTribunaloronappealtoacourt’ there were substituted ‘appeal
to the Supreme Court’.32.Insection25D(a),for‘Tribunalorcourt’thereweresubstituted‘Supreme
Court’.33.Section 25E were omitted.34.In section 26, for ‘Federal’ there
were substituted ‘Supreme’.35.In section
29A(1), for ‘Tribunal or of a court’ there were substituted‘Supreme Court’.36.In
section 29A(2)—(a)for ‘Tribunal or of the Federal’ there
were substituted ‘Supreme’;(b)for‘Tribunal,oroftheFederal’thereweresubstituted‘Supreme’.37.In section 29A(2)(b), for ‘Federal’
there were substituted ‘Supreme’.
18Debits Tax Act 1990SCHEDULE 2
(continued)38.Insection31(1),for‘Tribunalorofacourt’thereweresubstituted‘Supreme
Court’.39.Insection31(1)(c)(ii),for‘Commonwealth’thereweresubstituted‘State’.40.Insection33(a)and(b),‘,aSecondCommissioneroraDeputyCommissioner’ were
omitted.41.In section 34(1), for ‘Commonwealth’
there were substituted ‘State’.41A.In
section 34(2), ‘or a Deputy Commissioner’ were omitted.42.Insection37(1)(a)to(d),‘,aSecondCommissioneroraDeputyCommissioner’ were
omitted.43.In section 37(1)(d), for
‘Commonwealth’ there were substituted ‘State’.44.In
section 56(1), for ‘1983’ there were substituted ‘1991’.45.In section 57—(a)for‘Australia’(whereveroccurring)thereweresubstituted‘Queensland’ in
each case;(b)for ‘$50’(wherever occurring) there
were substituted ‘1 penaltyunit’ in each case.45A.In section 58(2), ‘or a Deputy
Commissioner’ were omitted.46.In section
62—(a)for‘Governor-General’thereweresubstituted‘GovernorinCouncil’;(b)for
‘$500’ there were substituted ‘85 penalty units’.
20Debits Tax Act 19904Table of earlier reprintsTABLE
OF EARLIER REPRINTS[If a reprint number includes a roman
letter, the reprint was released in unauthorised,electronic form only.]Reprint
No.11A22A2B2CAmendments includedto Act No. 57 of
1995to Act No. 70 of 1996to Act No. 13 of
1999to Act No. 49 of 1999to Act No. 45 of
2001to Act No. 72 of 2001Reprint
date13 December 199521 February
19977 May 199915 November
199918 July 20011 March
20025Tables in earlier reprintsTABLES IN EARLIER REPRINTSName
of tableObsolete and redundant provisionsRenumbered provisionsReprint
No.116List
of legislationDebits Tax Act 1990 No. 97date
of assent 12 December 1990commenced 1 January 1991 (see s 1.2
and Commonwealth of Australia Act No. 136of 1990 s
2)amending legislation—Revenue Laws
Amendment Act 1993 No. 51 pts 1–2date of assent 25
October 1993ss 1–2 commenced on date of assentremaining provisions commenced 1 January
1994 (see s 2(3))Statute Law Revision Act 1995 No. 57 ss 1–2,
4 sch 2date of assent 28 November 1995commenced on date of assentRevenue Laws Amendment Act 1996 No. 48 pts
1–2date of assent 15 November 1996ss
1–2 commenced on date of assentremaining
provisions commenced 1 October 1996 (see s 2(1))
21Debits Tax Act 1990Revenue Laws
Amendment Act (No. 2) 1996 No. 70 pts 1–2date of assent 9
December 1996commenced on date of assentRevenue and Other Legislation Amendment Act
1999 No. 13 ss 1, 2(6) pt 2date of assent 30 March 1999ss
1–2 commenced on date of assentremaining
provisions commenced 1 December 1998 (see s 2(6))Revenue and Other Legislation Amendment Act
(No. 2) 1999 No. 49 ss 1, 2(3), 38 schdate of assent 4
November 1999commenced on date of assentCorporations (Ancillary Provisions) Act 2001
No. 45 ss 1–2, 29 sch 3date of assent 28 June 2001ss
1–2 commenced on date of assentsch3commenced15July2001(sees2(2)ofAct2001No.45(Qld)andCorporationsAct2001No.50(Cwlth)andprocpubdCwlthofAustraliagaz 13 July 2001,
No. S285)remaining provision commenced immediately
before 15 July 2001 (see s 2(1) of Act2001 No. 45 (Qld)
and Corporations Act 2001 No. 50 (Cwlth) and proc pubdCwlth
of Australia gaz 13 July 2001, No. S285)Taxation
Administration Act 2001 No. 72 ss 1–2, 164 sch 1date
of assent 13 November 2001ss 1–2 commenced on date of
assentremaining provisions commenced 1 March 2002
(2002 SL No. 12)Revenue and Other Legislation Amendment Act
2002 No. 17 ss 1, 2(8), pt 2date of assent 17
May 2002commenced on date of assent (see s
2(8))7List of annotationsCommencements 1.2om R1
(see RA s 37)Definitionss 2amd
1995 No. 57 s 4 sch 2def“ADI”ins
1999 No. 13 s 4def“financial institution”ins
1999 No. 13 s 4Accounts kept outside Queenslands
6amd 1999 No. 13 s 5Numbering and
renumbering of Acts 6.2ins 1995 No. 57 s 4 sch 2om R1
(see RA s 37)Liability to taxs 7amd
2002 No. 17 s 4
