A New Tax System (Goods and Services Tax) (Business Vehicle Use Fraction) Determination 2003

I, NICHOLAS HUGH MINCHIN, Minister for Finance and Administration, make this Determination under subsection 79-100 (1) of the A New Tax System (Goods and Services Tax) Act 1999.

Dated 2 July 2003

NICK MINCHIN

Minister for Finance and Administration
for the Minister for Revenue and Assistant Treasurer

 

 

1 Name of Determination

  This Determination is the A New Tax System (Goods and Services Tax) (Business Vehicle Use Fraction) Determination 2003.

2 Commencement

  This Determination is taken to have commenced on 1 July 2003.

3 Business vehicle use fraction

  For subsection 79-100 (2) of the A New Tax System (Goods and Services Tax) Act 1999, the business vehicle use fraction for each compulsory third party scheme mentioned in Schedule 1 is specified in that Schedule.

Schedule 1 Business vehicle use fractions

(section 3)

 

 

Item

Compulsory third party scheme

Australian law

Fraction

1

Compensation scheme for victims of motor accidents

Motor Accidents Act 1988 (NSW)

Motor Accidents Compensation Act 1999 (NSW)

36/100

36/100

2

Compulsory third party transport accident compensation scheme

Transport Accident Act 1986 (Vic)

31/100

3

Statutory insurance scheme

Motor Accident Insurance Act 1994 (Qld)

38/100

4

Compulsory third party insurance scheme

Motor Vehicle (Third Party Insurance) Act 1943 (WA)

36/100

5

Third party insurance scheme

Motor Vehicles Act 1959 (SA)

33/100

6

Compulsory third party insurance scheme

Road Transport (General) Act 1999 (ACT)

25/100

7

Motor accidents compensation scheme

Motor Accidents (Compensation) Act (NT)

47/100

8

Motor accidents insurance scheme

Motor Accidents (Liabilities and Compensation) Act 1973 (Tas)

33/100