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Excise Tariff Amendment Bill (No.3) 1997
Date Introduced: 28 August 1997
House: House of Representatives
Portfolio: Industry, Science and Tourism
Commencement: Increased rates of duty came into effect on 7 August
1997
To give formal effect to increased rates of excise applying to tobacco, tobacco products and petroleum notified in the Commonwealth Gazette on 6 August 1997 and effective the following day.
The present Bill forms part of a package of nine proposed laws. This package collectively constitutes the Commonwealth's legislative response to a unanimous request from the State and Territory Governments to protect their revenues following the High Court's decisions in Ha & Another v State of New South Wales & Others and Walter Hammond & Associates Pty Limited v State of New South Wales and Others.
A detailed 'background' is provided in the Bills Digest for the Franchise Fees Windfall Tax (Collection) Bill 1997.
Under the post Ha and Hammond safety net arrangements, there will be uniform increases in existing Commonwealth taxes on liquor, petroleum products and on tobacco and tobacco products. All funds raised by the Commonwealth (net of administrative expenses) are to be returned to the States and Territories.
The present Bill provides for excise on tobacco and certain tobacco products to rise from $84.27 per kilogram to $251.27 per kilogram.
Similarly, the rate of excise duty applying to petroleum products currently dutiable under the Excise Tariff Act 1921, is to be increased. The increase in the rate of duty on petroleum products is 8.1 cents per litre.
Items 1-3 of Schedule 1 deal with the excise increases on tobacco and certain tobacco products.
Items 4-8 of Schedule 1 deal with the excise increases on petroleum products.
Bob Bennett
2 September 1997
Bills Digest Service
Information and Research Services
This Digest does not have any official legal status. Other sources should be consulted to determine whether the Bill has been enacted and, if so, whether the subsequent Act reflects further amendments.
IRS staff are available to discuss the paper's contents with Senators and Members and their staff but not with members of the public.
ISSN 1328-8091
© Commonwealth of Australia 1997
Except to the extent of the uses permitted under the Copyright Act 1968, no part of this publication may be reproduced or transmitted in any form or by any means, including information storage and retrieval systems, without the prior written consent of the Parliamentary Library, other than by Members of the Australian Parliament in the course of their official duties.
Published by the Department of the Parliamentary Library, 1997.
This page was prepared by the Parliamentary Library, Commonwealth of
Australia
Last updated: 3 September 1997