Business Tax Review (Taxing) Act 2003 (WA)

Western Australia

Business Tax Review (Taxing) Act 2003

Western Australia

Business Tax Review (Taxing) Act 2003

CONTENTS

Part 1 — Preliminary

1.	Short title	2
2.	Commencement	2
Part 2 — Land tax rates
3.	The Act amended	3
4.	Section 5 amended	3
Part 3 — Single rate of pay-roll tax
5.	The Act amended	5
6.	Heading of Part 1 deleted	5
7.	Part 2 replaced	5

5. Imposition of pay-roll tax 5

Western Australia

Business Tax Review (Taxing) Act 2003

No. 41 of 2003

An Act to amend the Land Tax Act 2002 and the Pay-roll Tax

Act 2002.

[Assented to 30 June 2003]

The Parliament of Western Australia enacts as follows:

Business Tax Review (Taxing) Act 2003

Part 1	Preliminary
s. 1

Part 1 — Preliminary

1.             Short title

This Act may be cited as the Business Tax Review (Taxing)

Act 2003.

2.             Commencement

This Act comes into operation on 1 July 2003.

Business Tax Review (Taxing) Act 2003

Land tax rates Part 2

s. 3

Part 2 — Land tax rates

3.             The Act amended

The amendments in this Part are to the Land Tax Act 2002*.

[* Act No. 51 of 2002.]

4.             Section 5 amended

Section 5 is amended as follows:

(a) by inserting after “this section” —

“ for the relevant financial year ”;

(b) by deleting the heading to the Table and inserting the following heading instead —

“

Table 1: Land tax rates for 2002/03

”;

(c) by inserting the following Table at the end of the section —

“

Table 2: Land tax rates for 2003/04 and subsequent

financial years

Unimproved value

of the land

Exceeding Not exceeding Rate of land tax

($) ($)

0	50 000	Nil
50 000	190 000	$75.00 + 0.15 cent for each $1 in excess of $50 000
190 000	550 000	$285.00 + 0.45 cent for each $1 in excess of $190 000
550 000	2 000 000	$1 905.00 + 1.76 cents for each $1 in excess of $550 000

Business Tax Review (Taxing) Act 2003

Land tax rates

s. 4

2 000 000	5 000 000	$27 425.00 + 2.30 cents for each $1 in excess of $2 000 000
5 000 000	$96 425.00 + 2.50 cents for each $1 in excess of $5 000 000

”.

Business Tax Review (Taxing) Act 2003

Single rate of pay-roll tax Part 3

s. 5

Part 3 — Single rate of pay-roll tax

5.             The Act amended

The amendments in this Part are to the Pay-roll Tax Act 2002*.

[* Act No. 47 of 2002.]

6.             Heading of Part 1 deleted

The heading of Part 1 is deleted.

7.             Part 2 replaced

Part 2 is repealed and the following section is inserted

instead —

“

5.             Imposition of pay-roll tax

Pay-roll tax is imposed at the rate of 6%.

”.