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ACIS Administration Bill 1999

 

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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