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A New Tax System (Goods and Services Tax Imposition-Customs) Bill 1999
A New Tax System (Goods and Services Tax Imposition—Customs) Bill 1998

1998

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

A New Tax System (Goods and Services Tax Imposition—Customs) Bill 1998

 

No.      , 1998

 

(Treasury)

 

 

 

A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is a duty of customs

   

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Imposition........................................................................................... 2

4............ Rate..................................................................................................... 2

5............ Act does not impose a tax on property of a State................................ 2

 



A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is a duty of customs

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the A New Tax System (Goods and Services Tax Imposition—Customs) Act 1998 .

2   Commencement

                   This Act commences on 1 July 2000.

3   Imposition

             (1)  The tax that is payable under the GST law (within the meaning of the A New Tax System (Goods and Services Tax) Act 1998 ) is imposed by this section under the name of goods and services tax ( GST ).

             (2)  This section imposes GST only so far as that tax is a duty of customs within the meaning of section 55 of the Constitution.

4   Rate

                   The rate of goods and services tax payable under the A New Tax System (Goods and Services Tax) Act 1998 is 10%.

5   Act does not impose a tax on property of a State

             (1)  This Act does not impose a tax on property of any kind belonging to a State.

             (2)  Property of any kind belonging to a State has the same meaning as in section 114 of the Constitution.