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Loan (Income Equalization Deposits) Amendment Act 1979

No. 148 of 1979

An Act to amend the Loan (Income Equalization Deposits) Act 1976.

BE IT ENACTED by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.
1. (1) This Act may be cited as the Loan (Income Equalization Deposits) Amendment Act 1979.
(2) The Loan (Income Equalization Deposits) Act 1976 is in this Act referred to as the Principal Act.

Commencement
2. This Act shall come into operation on the date of commencement of the Income Tax Assessment Amendment Act (No. 5) 1979.

Repayment of excess deposits
3. Section 19 of the Principal Act is amended by omitting from sub-section (1) "$100,000" and substituting "$250,000".