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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
A New Tax System (Goods and Services Tax Imposition—Customs) Bill 1998
No. , 1998
(Treasury)
A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is a duty of customs
Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Imposition........................................................................................... 2
4............ Rate..................................................................................................... 2
5............ Act does not impose a tax on property of a State................................ 2
A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is a duty of customs
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the A New Tax System (Goods and Services Tax Imposition—Customs) Act 1998 .
2 Commencement
This Act commences on 1 July 2000.
3 Imposition
(1) The tax that is payable under the GST law (within the meaning of the A New Tax System (Goods and Services Tax) Act 1998 ) 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 is a duty of customs within the meaning of section 55 of the Constitution.
4 Rate
The rate of goods and services tax payable under the A New Tax System (Goods and Services Tax) Act 1998 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.