Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts22. (1) Subject to this section, with effect on and after 1 July 1997, each amount specified in Column 3 of the following table opposite a range of amounts shall be taken to have been determined by the Minister under subsection 99 (1) of the Taxation (Administration) Act for the purposes of subsection 10 (1) to be the amount of tax payable in respect of a taxable debit, or an eligible debit, of an amount included in that range of amounts:
TABLE
AMOUNT OF TAX
Item | Range of amounts of taxable debits or eligible debits | Amount of tax |
1 | Not less than $1 but less than $100 | 30 cents |
| 2 | Not less than $100 but less than $500 | 70 cents |
| 3 | Not less than $500 but less than $5,000 | $1.50 |
| 4 | Not less than $5,000 but less than $10,000 | $3.00 |
5 | $10,000 or more | $4.00 |
(2) Subject to this section, with effect on and after 1 July 1997—
(a) $15 shall be taken to have been determined by the Minister under subsection 99 (1) of the Taxation (Administration) Act for the purposes of subsection 16 (7); and
(b) $50 shall be taken to have been determined by the Minister under subsection 99 (1) of the Taxation (Administration) Act for the purposes of subsection 16 (8).
(3) For the purpose of facilitating revocation or variation by determination under subsection 99 (1) of the Taxation (Administration) Act of the ranges of amounts and the corresponding amounts of tax provided for in the table to subsection (1) and the amounts specified in subsection (2), the Minister may, after the notification of this Act, by notice published in the Gazette , make a determination—
(a) for the purposes of subsection 10 (1) being a determination that is expressed to determine those ranges of amounts and corresponding amounts of tax; and
(b) for the purposes of subsections 16 (7) and (8) being a determination that is expressed to determine—
(i) in the case of subsection 16 (7)—the amount specified in paragraph (2) (a); and
(ii) in the case of subsection 16 (8)—the amount specified in paragraph (2) (b).
(4) Upon the publication in the Gazette of a determination—
(a) referred to in paragraph (3) (a)—subsection (1) shall be taken to have expired; or
(b) referred to in paragraph (3) (b)—subsection (2) shall be taken to have expired.
(5) A determination referred to in paragraph (3) (a) or (b) is not a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .
(6) A determination referred to in paragraph (3) (a) or (b) has effect according to its terms, and may be revoked or varied, as if it had been made under subsection 99 (1) of the Taxation (Administration) Act.