1998-99

The Parliament of the

Commonwealth of Australia

HOUSE OF REPRESENTATIVES

Presented and read a first time

A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Bill 1999

No.      , 1999

(Treasury)

A Bill for an Act to implement A New Tax System by making transitional provisions for the start of the wine equalisation tax and the luxury car tax, and for related purposes

Contents

Part 1—Preliminary                                                                                                              1

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

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

Part 2—Wine equalisation tax                                                                                         3

3............ Special GST credit for sales tax paid on stock.................................... 3

4............ Wine tax credits relating to sales tax borne on wine............................ 4

Part 3—Luxury car tax                                                                                                       5

5............ Application of luxury car tax law........................................................ 5

Part 4—Regulations                                                                                                               6

6............ Regulations......................................................................................... 6

A Bill for an Act to implement A New Tax System by making transitional provisions for the start of the wine equalisation tax and the luxury car tax, and for related purposes

The Parliament of Australia enacts: