A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999

1 Short title [see Note 1]

This Act may be cited as the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999.

2 Commencement

This Act commences on 1 July 2000.

3 Imposition

(1) The tax that is payable under the A New Tax System (Luxury Car Tax) Act 1999 is imposed by this section under the name of luxury car tax.

This section imposes luxury car tax only so far as that tax is a duty of excise within the meaning of section 55 of the Constitution.

4 Rate

The rate of luxury car tax payable under the A New Tax System (Luxury Car Tax) Act 1999 is 33%.

Note: Luxury car tax is only calculated on the value of the car that exceeds the luxury car tax threshold in that Act.

5 Act does not impose a tax on property of a State

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.

Notes to the

Note 1

The A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999 as shown in this compilation comprises Act No. 78, 1999 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

(a) Subsection 2(1) (item 2) of the A New Tax System (Luxury Car Tax Imposition—Excise) Amendment Act 2008 provides as follows:

Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Table of Amendments

Table A

Application, saving or transitional provisions

A New Tax System (Luxury Car Tax Imposition—Excise) Amendment Act 2008 (No. 99, 2008)

Schedule 1

2 Application

The amendment made by this Schedule applies to taxable supplies of luxury cars and taxable importations of luxury cars on or after 1 July 2008.