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Thursday, 9 December 2004
Page: 29


Senator KEMP (Minister for the Arts and Sport) (11:11 AM) —I move:

That these bills be now read a second time.

I seek leave to have the second reading speeches incorporated in Hansard.

Leave granted.

The speeches read as follows—

A New Tax System (Goods and Services Tax Imposition (Recipients)—General) Bill 2004

This bill is part of a package of four bills, with the Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 and two other bills.

Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 amends the goods and services tax law to revise the way that the law will apply in the case of long-term non-reviewable contracts when the GST-free transition period ends on 1 July 2005.

In some situations, the goods and services tax may be imposed on recipients of supplies made under these contracts. This bill is one of three imposition bills in the package and will have the effect of imposing the tax on recipients of taxable supplies to the extent that it is neither a duty of customs nor a duty of excise within the meaning of section 55 of the Constitution.

Separate imposition bills are necessary because of the requirement under the Constitution that a law imposing taxation shall deal only with one subject of taxation and laws imposing customs duty and laws imposing excise duty deal only with those duties.

Full details of the measures in the bill are contained in the explanatory memorandum to the Tax Laws Amendment (2004 Measures No. 7) Bill 2004 circulated to honourable members.

I commend the bill to the Senate.

—————

A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Bill 2004

This bill is part of a package of four bills, with the Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 and two other bills.

Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 amends the goods and services tax law to revise the way that the law will apply in the case of long-term non-reviewable contracts when the GST-free transition period ends on 1 July 2005.

In some situations, the goods and services tax may be imposed on recipients of supplies made under these contracts. This bill is one of three imposition bills in the package and will have the effect of imposing the tax on recipients of taxable supplies to the extent that it is an excise duty.

Separate imposition bills are necessary because of the requirement under the Constitution that a law imposing taxation shall deal only with one subject of taxation and laws imposing customs duty and laws imposing excise duty deal only with those duties.

Full details of the measures in the bill are contained in the explanatory memorandum to the Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 circulated to honourable members.

I commend the bill to the Senate.

—————

A New Tax System (Goods and Services Tax Imposition (Recipients)—Customs) Bill 2004

This bill is part of a package of four bills, with the Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 and two other bills.

Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 amends the goods and services tax law to revise the way that the law will apply in the case of long-term non-reviewable contracts when the GST-free transition period ends on 1 July 2005.

In some situations, the goods and services tax may be imposed on recipients of supplies made under these contracts. This bill is one of three imposition bills in the package and will have the effect of imposing the tax on recipients of taxable supplies to the extent that it is a duty of customs.

Separate imposition bills are necessary because of the requirement under the Constitution that a law imposing taxation shall deal only with one subject of taxation and laws imposing customs duty and laws imposing excise duty deal only with those duties.

Full details of the measures in the bill are contained in the explanatory memorandum to the Tax Laws Amendment (Long-Term Non-Reviewable Contracts) Bill 2004 circulated to honourable members.

I commend the bill to the Senate.

Ordered that further consideration of the second reading of these bills be adjourned to the first day of the next period of sittings, in accordance with standing order 111.