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ACIS (Unearned Credit Liability) Bill 1999

1998-99

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

ACIS (Unearned Credit Liability) Bill 1999

 

No.      , 1999

 

(Industry, Science and Resources)

 

 

 

A Bill for an Act to impose an unearned credit liability in respect of unearned duty credit accrued under ACIS

   

   

   



Contents

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

2............ Commencement................................................................................... 1

3............ Definitions.......................................................................................... 2

4............ Unearned credit liability on unearned duty credit under ACIS imposed 2

 



A Bill for an Act to impose an unearned credit liability in respect of unearned duty credit accrued under ACIS

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the ACIS (Unearned Credit Liability) Act 1999 .

2   Commencement

                   This Act commences on the commencement of the ACIS Administration Act 1999.

3   Definitions

             (1)  In this Act:

Administration Act means the ACIS Administration Act 1999.

             (2)  Expressions used in this Act that are defined for the purposes of the Administration Act have the same meaning as in the Administration Act.

4   Unearned credit liability on unearned duty credit under ACIS imposed

                   An amount of unearned credit liability that a participant is liable to pay under section 95 of the Administration Act is imposed.