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Table Of Contents
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Bill
- Part 1—Preliminary
- Part 2—Establishment of, and participation in, ACIS
- Part 3—The making of returns by participants
- Part 4—Working out unmodulated credit
- Part 5—Modulation of unmodulated credit
- Part 6—The ACIS ledger and its maintenance
- Part 7—Dealing in and use of duty credit
- Part 8—Audit
- Part 9—Unearned duty credit
- Part 10—Obligations relating to documents
- Part 11—Deregistration
- Part 12—Administrative review of certain decisions
- Part 13—Administration of Act
- Schedule 1—Consequential amendments
1998-99
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
ACIS Administration Bill 1999
No. , 1999
(Industry, Science and Resources)
A Bill for an Act to promote competitiveness, and encourage investment, in the automotive industry, and for related purposes
Contents
Part 1—Preliminary 1
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Purpose of the Act.............................................................................. 2
4............ Overview of the Act............................................................................ 2
5............ Offences.............................................................................................. 4
6............ Definitions.......................................................................................... 4
7............ Meaning of production of goods and provision of services in Australia 14
8............ Approved forms................................................................................ 15
9............ Arm’s length transactions................................................................. 15
10.......... Determination of entitlement to modulated credit between participants 17
11.......... Other Commonwealth assistance...................................................... 17
Part 2—Establishment of, and participation in, ACIS 19
Division 1—Overview 19
12.......... Overview of Part............................................................................... 19
Division 2—Establishment of ACIS 20
13.......... Establishment of Automotive Competitiveness and Investment Scheme 20
Division 3—Registration under ACIS 21
Subdivision A—Rules about registration 21
14.......... Rules about the number of registrations a participant may have under ACIS 21
15.......... Rules about the effect of further applications for registration on existing registrations 22
Subdivision B—Applications for registration 23
16.......... Application for MVP registration..................................................... 23
17.......... Application for ACP registration...................................................... 23
18.......... Application for AMTP registration................................................... 25
19.......... Application for ASP registration....................................................... 26
20.......... Ministerial permission to apply for registration in the national interest 27
Division 4—Participation in ACIS by groups of companies 30
21.......... Certain groups of companies may seek permission to apply for registration as a single entity 30
22.......... Legal status of a group permitted to make application for registration 31
Division 5—Formal requirements for, and consideration of, applications for registration 33
23.......... The content of the application for registration................................... 33
24.......... Lodgment of applications.................................................................. 33
25.......... When to apply................................................................................... 34
26.......... Consideration of registration applications......................................... 34
27.......... Secretary may seek further information............................................. 35
28.......... Date from which registration takes effect.......................................... 35
29.......... Fit and proper person........................................................................ 36
Division 6—Ongoing requirements of registration 39
30.......... Ongoing requirement of MVP registration....................................... 39
31.......... Ongoing requirement of ACP registration........................................ 39
32.......... Ongoing requirement of AMTP registration..................................... 40
33.......... Ongoing requirement of ASP registration......................................... 41
34.......... When do ongoing registration requirements for particular participants need to be met? 41
Part 3—The making of returns by participants 43
35.......... Participants to make quarterly returns............................................... 43
36.......... Contents of MVPs’ returns............................................................... 43
37.......... Contents of ACPs’ returns................................................................ 44
38.......... Contents of AMTPs’ returns............................................................ 45
39.......... Contents of ASPs’ returns................................................................ 46
40.......... Rules concerning returns................................................................... 46
Part 4—Working out unmodulated credit 48
Division 1—Overview 48
41.......... Overview of Part............................................................................... 48
Division 2—Working out unmodulated production credit and unmodulated investment credit for MVPs 49
42.......... Secretary to work out unmodulated production credit for each MVP 49
43.......... Secretary to work out unmodulated type A credit for each MVP...... 50
44.......... Secretary to work out unmodulated type B credit for each MVP...... 50
45.......... Secretary to work out unmodulated type C credit for each MVP...... 51
Division 3—Working out unmodulated investment credit for ACPs 53
46.......... Secretary to work out unmodulated type D credit for each ACP....... 53
47.......... Secretary to work out unmodulated type E credit for each ACP....... 53
Division 4—Working out unmodulated investment credit for AMTPs 55
48.......... Secretary to work out unmodulated type F credit for each AMTP.... 55
49.......... Secretary to work out unmodulated type G credit for each AMTP... 55
Division 5—Working out unmodulated investment credit for ASPs 57
50.......... Secretary to work out unmodulated type H credit for each ASP....... 57
51.......... Secretary to work out unmodulated type I credit for each ASP......... 57
Part 5—Modulation of unmodulated credit 59
Division 1—Overview 59
52.......... Overview of Part............................................................................... 59
Division 2—Caps on scheme and participants 60
53.......... $2,000,000,000 cap on ACIS........................................................... 60
54.......... 5% of sales cap on participants......................................................... 60
Division 3—Guidelines for modulation 62
55.......... Minister must make modulation guidelines....................................... 62
Division 4—MVP credit 63
56.......... Secretary to modulate production credit for each MVP..................... 63
57.......... Secretary to modulate investment credit for each MVP..................... 63
58.......... Secretary must modulate in accordance with Ministerial guidelines.. 63
Division 5—ACP, AMTP and ASP credit 64
59.......... Secretary to modulate investment credit for each ACP, AMTP and ASP 64
60.......... Secretary must modulate in accordance with Ministerial guidelines.. 64
Part 6—The ACIS ledger and its maintenance 65
Division 1—Overview 65
61.......... Overview of Part............................................................................... 65
Division 2—Establishment and maintenance of the ledger 66
62.......... Establishment and maintenance of ACIS ledger................................ 66
63.......... Information to be kept in ledger........................................................ 66
64.......... Entry of modulated credit in the ledger.............................................. 66
65.......... Effect of entering modulated credit in the ledger............................... 66
66.......... Circumstances in which the Secretary must amend the ledger........... 67
67.......... Ledger to show balance of credit....................................................... 67
68.......... Person may apply to Secretary to fix an error in ledger..................... 67
69.......... Electronic access to ledger................................................................. 68
70.......... Secretary to notify owner of credit quarterly of changes to ledger.... 68
Division 3—Period in which entries in ledger to be made 69
71.......... Time in which entries to be made...................................................... 69
72.......... Secretary does not have to amend the ledger after 31 December 2006 69
Division 4—No liability for ledger entries 70
73.......... Secretary not liable in certain circumstances...................................... 70
Part 7—Dealing in and use of duty credit 71
Division 1—Overview 71
74.......... Overview of Part............................................................................... 71
Division 2—Transfer of credit 72
75.......... Duty credit transferable..................................................................... 72
Division 3—Minister may limit use of credit in certain circumstances 73
76.......... Minister may limit use of modulated ACP, AMTP or ASP investment credit 73
77.......... Minister may limit use of certain production credit........................... 73
Part 8—Audit 75
Division 1—Overview 75
78.......... Overview of Part............................................................................... 75
Division 2—Appointment of authorised officers and identity cards 76
79.......... Appointment of authorised officers................................................... 76
80.......... Identity cards..................................................................................... 76
Division 3—Powers of authorised officer 77
Subdivision A—Monitoring powers 77
81.......... Authorised officer may enter premises by consent or under monitoring warrant to check information provided under ACIS or to check compliance with the Act....................................... 77
82.......... Monitoring powers of authorised officers......................................... 77
Subdivision B—Power of authorised officer to ask questions and seek production in certain circumstances 79
83.......... Authorised officer may request persons to answer questions........... 79
Division 4—Obligations and incidental powers of authorised officers 81
84.......... Authorised officer must produce identity card on request................. 81
85.......... Consent............................................................................................. 81
86.......... Announcement before entry.............................................................. 81
87.......... Details of monitoring warrant to be given to occupier etc. before entry 81
88.......... Use of electronic equipment in exercising monitoring powers.......... 82
89.......... Compensation for damage to electronic equipment........................... 83
Division 5—Occupier’s rights and responsibilities 85
90.......... Occupier entitled to be present during execution of monitoring warrant.. 85
91.......... Occupier to provide authorised officer with all facilities and assistance 85
Division 6—Warrants 86
92.......... Monitoring warrants......................................................................... 86
Part 9—Unearned duty credit 87
Division 1—Overview 87
93.......... Overview of Part............................................................................... 87
Division 2—Unearned credit liability 88
94.......... Person not entitled to certain duty credit............................................ 88
95.......... Unearned credit liability.................................................................... 88
96.......... Amount of unearned credit liability................................................... 89
Division 3—Offsetting of duty credit against unearned credit liability 90
97.......... Duty credit to be offset against liability............................................. 90
98.......... Offsetting of duty credit of the same kind......................................... 90
99.......... Offsetting of other kinds of duty credit............................................. 90
100........ Order in which credit to be offset...................................................... 91
101........ Amount of unearned credit liability outstanding................................ 91
102........ Secretary to issue notice.................................................................... 91
Division 4—Time for payment of unearned credit liability 92
103........ Time for payment of unearned credit liability.................................... 92
104........ Late payment penalty......................................................................... 92
105........ Extension of time for payment of unearned credit liability................ 92
106........ Recovery of unearned credit liability and late payment penalty......... 92
Division 5—Regulations concerning unearned duty credit 93
107........ Regulations may deal with other matters........................................... 93
Part 10—Obligations relating to documents 94
108........ Document retention obligations......................................................... 94
109........ Update of business plan.................................................................... 94
Part 11—Deregistration 96
110........ Deregistration.................................................................................... 96
Part 12—Administrative review of certain decisions 98
111........ Review of decisions affecting duty credit.......................................... 98
112........ Limitations on implementation of Federal Court decisions concerning duty credit decisions 99
113........ Limitations on implementation of AAT decisions concerning duty credit decisions 100
114........ Review of other decisions............................................................... 101
Part 13—Administration of Act 103
115........ Secretary may delegate powers....................................................... 103
116........ Regulations..................................................................................... 103
Schedule 1—Consequential amendments 104
Customs Act 1901 104
A Bill for an Act to promote competitiveness, and encourage investment, in the automotive industry, and for related purposes
The Parliament of Australia enacts:
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