Commonwealth Numbered Acts

Income Tax (Companies, Corporate Unit Trusts and Superannuation Funds) Act 1981 No. 156 of 1981 - SECT 5

5. (1) Income tax is imposed in accordance with this Act and at the rates
declared in this Act.

(2) This Act does not impose tax payable in accordance with section 121H,
128B, 128T, 128V or 136A of the Assessment Act.

(3) This Act does not impose tax payable by-

   (a)  a natural person (other than a person in the capacity of a trustee of
        a superannuation fund or in the capacity of a trustee of a
        corporate unit trust); or

   (b)  a company in the capacity of a trustee (other than a company in the
        capacity of a trustee of a superannuation fund or in the capacity of a
        trustee of a corporate unit trust).

(4) This Act does not impose tax upon the taxable income of a non-profit
company where that taxable income does not exceed $416.