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A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Bill 2005

 

 

 

 

 

 

A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005

 

No. 2, 2005

 

 

 

 

 

An Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is a duty of excise

   

   

   



Contents

1............ Short title............................................................................................ 2

2............ Commencement.................................................................................. 2

3............ Imposition.......................................................................................... 2

4............ Rate..................................................................................................... 2

5............ Act does not impose a tax on property of a State.............................. 2

 



 

 

A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005

No. 2, 2005

 

 

 

An Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is a duty of excise

[ Assented to 18 February 2005 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005 .

2   Commencement

                   This Act commences on 1 July 2005.

3   Imposition

             (1)  The tax that is payable under the GST law is imposed by this section under the name of goods and services tax ( GST ).

             (2)  This section imposes GST only so far as that tax:

                     (a)  would be imposed on the recipient of a taxable supply; and

                     (b)  is a duty of excise within the meaning of section 55 of the Constitution.

             (3)  In this section, GST law , recipient and taxable supply have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 .

4   Rate

                   The rate of goods and services tax payable under the GST law (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 ) is 10%.

5   Act does not impose a tax on property of a State

             (1)  This Act does not impose a tax on property of any kind belonging to a State.

             (2)  Property of any kind belonging to a State has the same meaning as in section 114 of the Constitution.



 

 

[ Minister’s second reading speech made in—

House of Representatives on 8 December 2004

Senate on 9 December 2004 ]

(252/04)