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Indirect Tax Legislation Amendment Bill 2000

1998-1999-2000

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

(As read a third time)

 

 

 

 

 

 

 

 

 

Indirect Tax Legislation Amendment Bill 2000

 

No.      , 2000

 

 

 

 

A Bill for an Act to implement A New Tax System by amending legislation relating to indirect tax, and by amending other legislation consequential on indirect tax reform, and for related purposes

   

   



Contents

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

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

3............ Schedule(s)......................................................................................... 2

Schedule 1—Non-profit bodies                                                                                       3

A New Tax System (Goods and Services Tax) Act 1999                                         3

Taxation Administration Act 1953                                                                          14

Schedule 2—GST-free supplies                                                                                    16

A New Tax System (Goods and Services Tax) Act 1999                                       16

Schedule 3—Supplies involving non-residents                                                    18

A New Tax System (Goods and Services Tax) Act 1999                                       18

Schedule 4—Agents                                                                                                             23

A New Tax System (Goods and Services Tax) Act 1999                                       23

Taxation Administration Act 1953                                                                          27

Schedule 5—Financial supplies                                                                                     29

A New Tax System (Goods and Services Tax) Act 1999                                       29

Schedule 6—Calculating amounts of GST                                                            35

A New Tax System (Goods and Services Tax) Act 1999                                       35

A New Tax System (Goods and Services Tax Transition) Act 1999                   38

Taxation Administration Act 1953                                                                          39

Schedule 7—Joint ventures                                                                                             40

A New Tax System (Australian Business Number) Act 1999                               40

A New Tax System (Goods and Services Tax) Act 1999                                       40

Income Tax Assessment Act 1936                                                                             44

Income Tax Assessment Act 1997                                                                             44

Taxation Administration Act 1953                                                                          45

Schedule 8—Insurance                                                                                                      46

A New Tax System (Goods and Services Tax) Act 1999                                       46

A New Tax System (Goods and Services Tax Transition) Act 1999                   48

Schedule 9—Administration                                                                                           49

A New Tax System (Goods and Services Tax) Act 1999                                       49

Taxation Administration Act 1953                                                                          50

Taxation (Interest on Overpayments and Early Payments) Act 1983               51

Schedule 9A—Producer rebates under the wine equalisation tax          53

A New Tax System (Wine Equalisation Tax) Act 1999                                        53

Schedule 10—Alcoholic beverages                                                                              59

A New Tax System (Goods and Services Tax Transition) Act 1999                   59

Sales Tax Assessment Act 1992                                                                                60

Schedule 10A—Trading periods spanning midnight on 30 June 2000 62

A New Tax System (End of Sales Tax) Act 1999                                                    62

A New Tax System (Goods and Services Tax Transition) Act 1999                   62

A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999     64

Schedule 11—Other amendments                                                                               66

A New Tax System (Australian Business Number) Act 1999                               66

A New Tax System (Goods and Services Tax) Act 1999                                       66

A New Tax System (Goods and Services Tax Transition) Act 1999                   77

A New Tax System (Luxury Car Tax) Act 1999                                                      79

Customs Act 1901                                                                                                       79

Taxation Administration Act 1953                                                                          79

 



This Bill originated in the House of Representatives; and, having this day passed, is now ready for presentation to the Senate for its concurrence.

                I.C. HARRIS

           Clerk of the House of Representatives

House of Representatives

8 June 2000

 

A Bill for an Act to implement A New Tax System by amending legislation relating to indirect tax, and by amending other legislation consequential on indirect tax reform, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Indirect Tax Legislation Amendment Act 2000 .

2   Commencement

             (1)  Subject to this section, this Act commences immediately after the commencement of Part 1 of Schedule 1 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

             (2)  Section 1 and this section, and Schedules 10 and 10A (other than item 5 of Schedule 10A), commence on the day on which this Act receives the Royal Assent.

             (3)  Items 10, 10A and 11 of Schedule 1, item 10 of Schedule 4, items 8, 9 and 10 of Schedule 6, item 33 of Schedule 7 and item 17 of Schedule 11 commence immediately after the commencement of items 7 to 23 of Schedule 8 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

             (4)  Item 7 of Schedule 6, items 6 and 7 of Schedule 8, item 1 of Schedule 10 and items 13A to 16E of Schedule 11 commence immediately after the commencement of Schedule 2 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

             (5)  Items 1, 2 and 3 of Schedule 7 and items 1 and 2 of Schedule 11 commence immediately after the commencement of Schedule 4 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

             (6)  Schedule 9A and item 5 of Schedule 10A commence immediately after the commencement of Part 3 of Schedule 1 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

             (7)  Item 16F of Schedule 11 commences immediately after the commencement of Part 2 of Schedule 11 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 .

3   Schedule(s)

                   Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.