1998

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—Excise) Bill 1998

No.      , 1998

(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 a duty of excise

  ISBN:  0642 379394

Contents
1	Short title	1
2	Commencement	2
3	Imposition	2
4	Rate	2
5	Act does not impose a tax on property of a State	2

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 a duty of excise
The Parliament of Australia enacts:
1  Short title
		This Act may be cited as the A New Tax System (Goods and Services Tax Imposition—Excise) Act 1998.
2  Commencement
		This Act commences on 1 July 2000.
3  Imposition
	(1)	The tax that is payable under the GST law (within the meaning of the A New Tax System (Goods and Services Tax) Act 1998) 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 is a duty of excise within the meaning of section 55 of the Constitution.
4  Rate
		The rate of goods and services tax payable under the A New Tax System (Goods and Services Tax) Act 1998 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)	Property of any kind belonging to a State has the same meaning as in section 114 of the Constitution.