A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005

No. 2, 2005

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

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

[Assented to 18 February 2005]

The Parliament of Australia enacts:
1 Short title

This Act may be cited as the A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005.
2 Commencement

This Act commences on 1 July 2005.
3 Imposition 1

(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

(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.
4 Rate

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%.
5 Act does not impose a tax on property of a State 1

This Act does not impose a tax on property of any kind belonging to a State.

 2

(2) Property of any kind belonging to a State has the same meaning as in section 114 of the Constitution.

[Minister’s second reading speech made in—

House of Representatives on 8 December 2004

Senate on 9 December 2004]