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ACIS (Unearned Credit Liability) Bill 1999



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Department of the

Parliamentary Library

I N F O R M A T I O N A N D R E S E A R C H S E R V I C E S

Bills Digest No. 210 1998-99

ACIS (Unearned Credit Liability) Bill 1999

ISSN 1328-8091

 Copyright Commonwealth of Australia 1999

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Published by the Department of the Parliamentary Library, 1999

I N F O R M A T I O N A N D R E S E A R C H S E R V I C E S

Bills Digest

No. 210 1998-99

ACIS (Unearned Credit Liability) Bill 1999

Chris Field Law and Bills Digest Group 28 June 1999

Contents

Purpose ....................................................................................................................................... 1

Background ................................................................................................................................ 1

Main Provisions ......................................................................................................................... 2

Warning:

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments.

This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

ACIS (Unearned Credit Liability) Bill 1999

Date Introduced: 13 May 1999

House: House of Representatives

Portfolio: Industry, Science and Resources

Commencement: On commencement of the proposed ACIS Administration Act 1999.

Purpose

To impose formally the unearned credit liability that may be payable under the proposed ACIS Administration Act 1999.

Background

The need for this Bill is based on section 55 of the Constitution which provides, in part:

Laws imposing taxation shall deal only with the imposition of taxation, and any provision therein dealing with any other matter shall be of no effect.

In order to prevent a possible breach of section 55 it is normal practice for a formal imposition Bill to be introduced with an administration Bill whenever a new tax is introduced.

For further information on the ACIS scheme and the Australian automotive industry, refer to the Digest for the ACIS Administration Bill 1999.

2 ACIS (Unearned Credit Liability) Bill 1999

Warning:

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments.

This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.

Main Provisions

Clause 4 will impose formally the liability payable under section 95 of the proposed ACIS Administration Act 1999.