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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
As passed by both Houses
Indirect Tax Laws Amendment (Assessment) Bill 2012
No. , 2012
A Bill for an Act to amend the law relating to indirect taxation, and for related purposes
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 1
3............ Schedule(s)......................................................................................... 3
Schedule 1—Assessment of amounts under indirect tax laws 4
Part 1—Amendments commencing on 1 July 2012 4
Division 1—Main amendments 4
Taxation Administration Act 1953 4
Division 2—Definitions 18
A New Tax System (Goods and Services Tax) Act 1999 18
A New Tax System (Luxury Car Tax) Act 1999 18
A New Tax System (Wine Equalisation Tax) Act 1999 19
Customs Act 1901 19
Fuel Tax Act 2006 20
Income Tax Assessment Act 1997 20
Taxation Administration Act 1953 22
Division 3—Other amendments 22
Administrative Decisions (Judicial Review) Act 1977 22
A New Tax System (Goods and Services Tax) Act 1999 22
A New Tax System (Luxury Car Tax) Act 1999 36
A New Tax System (Wine Equalisation Tax) Act 1999 38
Customs Act 1901 38
Fuel Tax Act 2006 40
Income Tax Assessment Act 1997 45
Product Grants and Benefits Administration Act 2000 45
Taxation Administration Act 1953 46
Division 4—Transitional amendments 51
A New Tax System (Goods and Services Tax) Act 1999 51
Fuel Tax Act 2006 51
Taxation Administration Act 1953 52
Division 5—Application of amendments and savings provision 55
Part 2—Amendments commencing on 1 January 2017 57
A New Tax System (Goods and Services Tax) Act 1999 57
A New Tax System (Goods and Services Tax Transition) Act 1999 57
Fuel Tax Act 2006 57
Income Tax Assessment Act 1997 58
Taxation Administration Act 1953 58
Part 3—Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 61
Schedule 2—Correcting errors in working out amounts under indirect tax laws 62
A New Tax System (Goods and Services Tax) Act 1999 62
Fuel Tax Act 2006 62
Schedule 3—Net amounts 65
A New Tax System (Goods and Services Tax) Act 1999 65
A New Tax System (Luxury Car Tax) Act 1999 67
A New Tax System (Wine Equalisation Tax) Act 1999 67
Schedule 4—Minor amendments 68
A New Tax System (Goods and Services Tax) Act 1999 68
Fuel Tax Act 2006 69
Income Tax Assessment Act 1997 70
Taxation Administration Act 1953 70
A Bill for an Act to amend the law relating to indirect taxation, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Indirect Tax Laws Amendment (Assessment) Act 2012 .
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provision(s) |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1, Part 1 |
1 July 2012. |
1 July 2012 |
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3. Schedule 1, Part 2 |
1 January 2017. |
1 January 2017 |
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4. Schedule 1, items 265 to 268 |
Immediately after the commencement of section 2 of the Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 . |
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5. Schedule 1, items 269 and 270 |
Immediately after the time specified in the Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 for the commencement of Part 2 of Schedule 2 to that Act. However, the provision(s) do not commence at all if this Act receives the Royal Assent before 1 July 2012. |
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6. Schedule 1, item 271 |
Immediately after the commencement of section 2 of the Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 . |
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7. Schedules 2 and 3 |
1 July 2012. |
1 July 2012 |
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8. Schedule 4 |
The earlier of: (a) the day this Act received the Royal Assent; and (b) 1 July 2012. |
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Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.