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Indirect Tax Legislation Amendment Bill 2000

 

 

 

 

Indirect Tax Legislation Amendment Act 2000

 

No. 92, 2000



 

 

 

 

Indirect Tax Legislation Amendment Act 2000

 

No. 92, 2000

 

 

 

 

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.................................................................................. 2

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                                                                          49

Taxation (Interest on Overpayments and Early Payments) Act 1983              49

Schedule 9A—Producer rebates under the wine equalisation tax              49

A New Tax System (Wine Equalisation Tax) Act 1999                                        49

Schedule 10—Alcoholic beverages                                                                              49

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

Sales Tax Assessment Act 1992                                                                                49

Schedule 10A—Trading periods spanning midnight on 30 June 2000     49

A New Tax System (End of Sales Tax) Act 1999                                                   49

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

A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999     49

Schedule 11—Other amendments                                                                                49

A New Tax System (Australian Business Number) Act 1999                              49

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

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

A New Tax System (Luxury Car Tax) Act 1999                                                     49

Customs Act 1901                                                                                                       49

Taxation Administration Act 1953                                                                          49

 



Indirect Tax Legislation Amendment Act 2000

No. 92, 2000

 

 

 

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

[ Assented to 30 June 2000 ]

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.



 



       

 

[ Minister’s second reading speech made in—

House of Representatives on 11 May 2000

Senate on 20 June 2000 ]

 

 

 

(84/00)