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I-3 - Taxation Act
Section 1129.27.0.2.2
Disposition versions
1129.27.0.2.2. The Fund shall pay, for a particular taxation year referred to in the second paragraph, a tax equal to 20% of the amount by which the aggregate of all amounts each of which is an amount paid in that particular year for the purchase of a share as first purchaser exceeds the amount determined for that particular year under the second paragraph.
The amount referred to in the first paragraph is,
(a) where the particular taxation year ends on 31 May 2017, $250,000,000; or
(b) where the particular taxation year ends on 31 May 2018, the aggregate of
i. $250,000,000, and
ii. the amount by which $250,000,000 exceeds the aggregate of all amounts each of which is an amount paid in the taxation year that ends on 31 May 2017 for the purchase of a share as first purchaser;
(c) where the particular taxation year ends on 31 May 2019, the aggregate of
i. $250,000,000, and
ii. the amount by which the amount determined under this paragraph for the taxation year that ends on 31 May 2018 exceeds the aggregate of all amounts each of which is an amount paid in that taxation year for the purchase of a share as first purchaser;
(d) where the particular taxation year ends on 31 May 2020, the aggregate of
i. $275,000,000, and
ii. the amount by which the amount determined under this paragraph for the taxation year that ends on 31 May 2019 exceeds the aggregate of all amounts each of which is an amount paid in that taxation year for the purchase of a share as first purchaser; or
(e) where the particular taxation year ends on 31 May 2021, the aggregate of
i. $275,000,000, and
ii. the amount by which the amount determined under this paragraph for the taxation year that ends on 31 May 2020 exceeds the aggregate of all amounts each of which is an amount paid in that taxation year for the purchase of a share as first purchaser.
For the purposes of this section, an amount paid for the purchase of a share includes only the issue price paid in respect of the share.
1129.27.0.2.2. The Fund shall pay, for a particular taxation year referred to in the second paragraph, a tax equal to 20% of the amount by which the aggregate of all amounts each of which is an amount paid in that particular year for the purchase of a share as first purchaser exceeds the amount determined for that particular year under the second paragraph.
The amount referred to in the first paragraph is,
(a) where the particular taxation year ends on 31 May 2017, $250,000,000; or
(b) where the particular taxation year ends on 31 May 2018, the aggregate of
i. $250,000,000, and
ii. the amount by which $250,000,000 exceeds the aggregate of all amounts each of which is an amount paid in the taxation year that ends on 31 May 2017 for the purchase of a share as first purchaser.
For the purposes of this section, an amount paid for the purchase of a share includes only the issue price paid in respect of the share.
