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This is a Bill, not an Act. For current law, see the Acts databases.
1998-99
The Parliament of
the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
A New Tax
System (Luxury Car Tax Imposition—Customs) Bill
1999
No. ,
1999
(Treasury)
A Bill
for an Act to implement A New Tax System by imposing a luxury car tax, so far as
that tax is a duty of customs
ISBN: 0642
391386
Contents
A Bill for an Act to implement A New Tax System by
imposing a luxury car tax, so far as that tax is a duty of
customs
The Parliament of Australia enacts:
This Act may be cited as the A New Tax System (Luxury Car Tax
Imposition—Customs) Act 1999.
This Act commences on 1 July 2000.
(1) The tax that is payable under the A New Tax System (Luxury Car Tax)
Act 1999 is imposed by this section under the name of luxury car
tax.
(2) This section imposes luxury car tax only so far as that tax is a duty
of customs within the meaning of section 55 of the Constitution.
The
rate of luxury car tax payable under the A New Tax System (Luxury Car Tax)
Act 1999 is 25%.
Note: Luxury
car tax is only calculated on the value of the car that exceeds the luxury car
tax threshold in that Act.
(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.