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Taxation Laws Amendment Bill (No. 8) 2000

 

 

 

 

Taxation Laws Amendment Act (No. 8) 2000

 

No.      , 2000



 

 

 

 

Taxation Laws Amendment Act (No. 8) 2000

 

No.      , 2000

 

 

 

 

An Act to amend the law relating to taxation, and for related purposes

   

   



Contents

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

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

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

Schedule 1—GST-free supplies and input taxed supplies                                3

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

A New Tax System (Goods and Services Tax Transition) Act 1999                    7

Schedule 2—Imports                                                                                                              9

A New Tax System (Goods and Services Tax) Act 1999                                        9

A New Tax System (Luxury Car Tax) Act 1999                                                     12

A New Tax System (Wine Equalisation Tax) Act 1999                                        14

Customs Act 1901                                                                                                       15

Schedule 3—Fringe benefits                                                                                            17

A New Tax System (Goods and Services Tax) Act 1999                                      17

Schedule 4—Adjustments                                                                                                  28

A New Tax System (Goods and Services Tax) Act 1999                                      28

Schedule 5—Administration                                                                                             36

A New Tax System (Goods and Services Tax) Act 1999                                      36

Taxation Administration Act 1953                                                                          37

Schedule 6—Other amendments                                                                                   41

A New Tax System (Goods and Services Tax) Act 1999                                      41

A New Tax System (Goods and Services Tax Transition) Act 1999                  51

A New Tax System (Luxury Car Tax) Act 1999                                                     51

A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999     51

Income Tax Assessment Act 1997                                                                             52

Schedule 7—Technical corrections                                                                              54

A New Tax System (Goods and Services Tax) Act 1999                                      54

A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 54

A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999        55

A New Tax System (Tax Administration) Act (No. 2) 2000                                55

Income Tax Assessment Act 1936                                                                             55

Income Tax Assessment Act 1997                                                                             56

Indirect Tax Legislation Amendment Act 2000                                                     56

Taxation Administration Act 1953                                                                          56

Taxation (Interest on Overpayments and Early Payments) Act 1983              56

 



Taxation Laws Amendment Act (No. 8) 2000

No.      , 2000

 

 

 

An Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Taxation Laws Amendment Act (No. 8) 2000 .

2   Commencement

             (1)  Subject to this section, this Act commences on the day on which it receives the Royal Assent.

             (2)  Items 41 and 44 to 46 of Schedule 6 are taken to have commenced on 1 July 2000.

             (3)  Items 1 to 7 of Schedule 7 are taken to have commenced immediately after the commencement of items 1 to 9 of Schedule 1 to the Indirect Tax Legislation Amendment Act 2000 .

             (4)  Item 8 of Schedule 7 is taken to have commenced immediately after the A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 received the Royal Assent.

             (5)  Items 9 and 10 of Schedule 7 are taken to have commenced immediately after the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 received the Royal Assent.

             (6)  Items 11 and 12 of Schedule 7 are taken to have commenced immediately after the commencement of Schedule 4B to the A New Tax System (Tax Administration) Act (No. 2) 2000 .

             (7)  Items 16 to 18 of Schedule 7 are taken to have commenced immediately after the Indirect Tax Legislation Amendment Act 2000 received the Royal Assent.

             (8)  Items 19 and 20 of Schedule 7 are taken to have commenced immediately after the commencement of the A New Tax System (Goods and Services Tax Administration) Act 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.



 



 

 

I hereby certify that this Bill originated in the House of Representatives and has been finally passed by the Senate and the House of Representatives.

 

 

 

 

Clerk of the House of Representatives

 

In the name of Her Majesty , I assent to this Act.

 

 

 

 

Governor-General

December 2000

 

(171/00)