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This is a Bill, not an Act. For current law, see the Acts databases.
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)—Excise)
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
a duty of excise
Contents
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 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)—Excise) 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 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.