A New Tax System (Goods and Services Tax Imposition

A New Tax System (Goods and Services Tax Imposition—Customs) Act 1999

No. 73, 1999

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...................................

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

3 Imposition..................................

4 Rate......................................

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

A New Tax System (Goods and Services Tax Imposition—Customs) Act 1999

No. 73, 1999

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

[Assented to 8 July 1999]

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 1999.

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 1999) 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 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 2 December 1998

Senate on 10 December 1998]

(220/98)