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Guides & Guidelines as made
These Guidelines amend the method by which duty credits in the Automotive Competitiveness and Investment Scheme are modulated.
Administered by: DITR
Registered 16 Jan 2006
Tabling HistoryDate
Tabled HR26-Jun-2003
Tabled Senate26-Jun-2003
Gazetted 25 Jun 2003
Date of repeal 09 Aug 2013
Repealed by Industry, Innovation, Climate Change, Science, Research and Tertiary Education (Spent and Redundant Instruments) Repeal Regulation 2013

I, JOSEPH BENEDICT HOCKEY, Minister for Small Business and Tourism, make these Guidelines under subsection 55 (1) of the ACIS Administration Act 1999.

Dated 17 June 2003

JOE HOCKEY

Minister for Small Business and Tourism

 


1              Name of Guidelines

                These Guidelines are the ACIS Administration (Modulation) Amendment Guidelines 2003 (No. 2).

2              Commencement

                These Guidelines commence on gazettal.

3              Amendment of ACIS Administration (Modulation) Amendment Guidelines 2000

                Schedule 1 amends the ACIS Administration (Modulation) Guidelines 2000.


Schedule 1        Amendments

(section 3)

  

[1]           Subsection 9 (2), Step 1, paragraph (c)

omit

paid to ACPs, ASPs, AMTPs and MVPs; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[2]           Subsection 9 (2), Step 1, paragraph (d)

omit

0.45.

insert

0.45; and

[3]           Subsection 9 (2), Step 1, after paragraph (d)

insert

                (e)    subtracting from that result the total amount of modulated credit paid to ACPs, ASPs and AMTPs since 1 January 2003.

[4]           Subsection 9 (4), Step 1, paragraph (c)

omit

paid to ACPs, ASPs, AMTPs and MVPs; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[5]           Subsection 9 (4), Step 1, paragraph (d)

omit

derived

insert

allocated

[6]           Subsection 9 (4), Step 2, paragraph (c)

substitute

                (c)    subtracting from that result the total amount of modulated credit paid to MVPs since 1 January 2003; and

               (d)    dividing that result by the total available capped credit, relating to production, for all MVPs as worked out in subparagraph (1) (b) (iii).

[7]           Subsection 15 (2), Step 1, paragraph (a)

omit

ASPs and AMTPs

insert

ASPs, AMTPs and MVPs

[8]           Subsection 15 (2), Step 1, paragraph (c)

omit

paid to ACPs, ASPs and AMTPs during the final quarter; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[9]           Subsection 15 (2), Step 1, paragraph (d)

omit

0.45.

insert

0.45; and

[10]         Subsection 15 (2), Step 1, after paragraph (d)

insert

                (e)    subtracting from that result the total amount of modulated credit paid to ACPs, ASPs and AMTPs since 1 January 2003, including total modulated credit for the third quarter in 2005.

[11]         Subsection 15 (4), step 1, paragraph (c)

omit

paid to ACPs, ASPs, AMTPs and MVPs for the final quarter; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[12]         Subsection 15 (4), Step 1, paragraph (d)

omit

derived

insert

allocated

[13]         Subsection 15 (4), Step 2, paragraph (c)

substitute

                (c)    subtracting from that result the total amount of modulated credit paid to MVPs from 1 January 2003, including total modulated credit for the third quarter of 2005; and

               (d)    dividing that result by the total available capped credit, relating to production, for all MVPs for the final quarter as worked out in subparagraph (1) (b) (iii).

[14]         Subsection 21 (2), Step 1, paragraph (a)

omit

ASPs and AMTPs

insert

ASPs, AMTPs and MVPs

[15]         Subsection 21 (2), Step 1, paragraph (c)

omit

paid to ACPs, ASPs and AMTPs; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[16]         Subsection 21 (2), Step 1, paragraph (d)

omit

0.45.

insert

0.45; and

[17]         Subsection 21 (2), after paragraph (d)

insert

                (e)    subtracting from that result the total amount of modulated credit paid to ACPs, ASPs and AMTPs since 1 January 2003, including total modulated credit for the final quarter.

[18]         Subsection 21 (4), Step 1, paragraph (c)

omit

paid to ACPs, ASPs, AMTPs and MVPs; and

insert

for ACPs, ASPs, AMTPs and MVPs prior to 1 January 2003; and

[19]         Subsection 21 (4), Step 1, paragraph (d)

omit

derived

insert

allocated

[20]         Subsection 21 (4), Step 2, paragraph (c)

substitute

                (c)    subtracting from that result the total amount of modulated credit paid to MVPs since 1 January 2003 including total modulated credit for the final quarter; and

               (d)    dividing that result by the total available capped credit, relating to production, for all MVPs as worked out in subparagraph (1) (b) (iii).