Income Tax (Mining Withholding Tax) Act 1979

The Income Tax (Mining Withholding Tax) Act 1979 aims to impose income tax upon certain payments made in connection with the use of Aboriginal land. The Act may be cited as the Income Tax (Mining Withholding Tax) Act 1979 and shall come into operation on the day it receives the Royal Assent.

The Assessment Act, which is incorporated and read as one with this Act, refers to the Income Tax Assessment Act 1936. 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.

The rate of income tax imposed by this Act is 4%. This Act was amended several times, including sections 117 and 118 of the Taxation Laws Amendment Act (No. 3) 1994.

Key notes to the Income Tax (Mining Withholding Tax) Act 1979 include:

• The Act comprises Act No. 28, 1979, amended as indicated in the tables below.
• Section 6 was amended by sections 103, 1982; 109, 1986; and 138, 1994.

Overall, this Act aims to impose income tax upon payments made in connection with Aboriginal land use, with a rate of 4% and amendments made through subsequent legislation.