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INCOME TAX (MINING WITHHOLDING TAX) ACT 1979

SECTION 1   SHORT TITLE  

1    This Act may be cited as the Income Tax (Mining Withholding Tax) Act 1979.

SECTION 2   COMMENCEMENT  

2    This Act shall come into operation on the day on which it receives the Royal Assent.

SECTION 3   INTERPRETATION  

3    In this Act, ``Assessment Act'' means the Income Tax Assessment Act 1936.

SECTION 4   INCORPORATION  

4    The Assessment Act is incorporated and shall be read as one with this Act.

SECTION 5   IMPOSITION OF TAX  

5    The tax known as income tax, to the extent that it is payable in accordance with section 128V of the Assessment Act, is imposed, and shall be levied and paid.

SECTION 6   RATE OF TAX  

6    The rate of income tax imposed by this Act is 4%.

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