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Sales Tax Act (No. 9) 1950

Authoritative Version
  • - C1950A00046
  • No longer in force
Act No. 46 of 1950 as made
An Act to amend the Sales Tax Act (No. 9) 1930-1949.
Date of Assent 14 Dec 1950
Date of repeal 24 Jun 2014
Repealed by Amending Acts 1901 to 1969 Repeal Act 2014

SALES TAX (No. 9).

 

No. 46 of 1950.

An Act to amend the Sales Tax Act (No. 9) 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. 9) 1950.

(2.)  The Sales Tax Act (No. 9) 1930–1949, as amended by this Act, may be cited as the Sales Tax Act (No. 9) 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   Section three of the Sales Tax Act (No. 9) 1930–1949 is repealed and the following sections are inserted in its stead:—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 in Australia (including goods which have gone into use or consumption in Australia) leased, on or after the thirteenth day of October, One thousand nine hundred and fifty, by a taxpayer to a lessee.

Rates of tax.

“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   The sales tax imposed by the provisions repealed by this Act upon the sale value of goods in Australia leased, before the date of commencement of this Act, by a taxpayer to a lessee shall continue to be imposed as if those provisions had not been repealed.