SALES TAX (No. 3).

No. 40 of 1950.

An Act to amend the Sales Tax Act (No. 3) 1930–1949.

[Assented to 14th December, 1950.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)     This Act may be cited as the Sales Tax Act (No. 3) 1950.

(2.)    The Sales Tax Act (No. 3) 1930–1949, as amended by this Act, may be cited as the Sales Tax Act (No. 3) 1930–1950.

Commencement.

2.       This Act shall be deemed to have come into operation on the thirteenth day of October, One thousand nine hundred and fifty.

3.       Section three of the Sales Tax Act (No. 3) 1930–1949 is repealed and the following sections are inserted in its stead:—

Imposition of tax.

“3.     Sales tax is imposed, at the rates specified in the next succeeding section, upon the sale value of goods manufactured in Australia and, on or after the thirteenth day of October, One thousand nine hundred and fifty, sold by a taxpayer not being either the manufacturer of those goods or a purchaser of those goods from the manufacturer.

Rates of pay.

“4.     The rates of the sales tax are—

(a) in respect of goods covered by the Second Schedule to the Sales Tax (Exemptions and Classifications) Act 1935–1950—10 per centum;

(b) in respect of goods covered by the Third Schedule to the Sales Tax (Exemptions and Classifications) Act 1935–1950—25 per centum;

(c) in respect of goods covered by the Fourth Schedule to the Sales Tax (Exemptions and Classifications) Act 1935–1950—33⅓ per centum; and

(d) in respect of goods not covered by the Second, Third or Fourth Schedule to the Sales Tax (Exemptions and Classifications) Act 1935–1950 and on the sale value of which it is not provided by that Act that sales tax shall not be payable—8⅓ per centum.”.

Saving.

4.       The sales tax imposed by the provisions repealed by this Act on the sale value of goods manufactured in Australia and, before the date of commencement of this Act, sold by a taxpayer not being either the manufacturer of those goods or a purchaser of those goods from the manufacturer shall continue to be imposed as if those provisions had not been repealed.