A New Tax System (Goods and Services Tax Imposition (Recipients) - General) Bill 2004
First Reading
A New Tax System (Goods and Services Tax Imposition (Recipients) - General) Bill 2004
First Reading
Download RTF 2004
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
A New Tax System (Goods and Services Tax Imposition (Recipients)--General) Bill 2004
No. , 2004
(Treasury)
A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is neither a duty of customs nor a duty of excise
Contents
1 Short title 1
2 Commencement 2
3 Imposition 2
4 Rate 2
5 Act does not impose a tax on property of a State 2
A Bill for an Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is neither a duty of customs nor a duty of excise
The Parliament of Australia enacts:
This Act may be cited as the
A New Tax System (Goods and Services Tax Imposition (Recipients)--General) Act 2004.
This Act commences on 1 July 2005.
(1) The tax that is payable under the GST law 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:
(a) would be imposed on the recipient of a taxable supply; and
(b) is neither a duty of customs nor a duty of excise within the meaning of section 55 of the Constitution.
(3) In this section, GST law, recipient and taxable supply have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
The rate of goods and services tax payable under the GST law (within the meaning of the
A New Tax System (Goods and Services Tax) Act 1999) is 10%.
(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.