Motor Vehicles (Taxation) Amendment Act 1982 (NSW)

MOTOR VEHICLES (TAXATION) AMENDMENT ACT, 1982,

No. 25

£m &outf) Males;

ANNO TRICESIMO PRIMO

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ELIZABETHS H BEGINS

Act No. 25,1982.

An Act to amend the Motor Vehicles (Taxation) Act, 1980, with respect to the manner of calculating tax payable under that Act. [Assented to, 23rd April, 1982.]

2   Act No. 25, 1982.

Motor Vehicles (Taxation) Amendment.

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:—

Short title.

1.     This Act may be cited as the "Motor Vehicles (Taxation) Amendment

Act, 1982".

Commencement.

2. (1) Except as provided in subsections (2)-(4), this Act shall com-

mence on the date of assent to this Act.

(2) Section 4 shall, in its application to a provision of Schedule 1, commence or be deemed to have commenced on the day on which that provision commences or is deemed to have commenced, as the case may require.

(3) Sections 5 and 6 and Schedule 1 (2) shall commence or be

deemed to have commenced, as the case may require, on 31st March, 1982.

(4) Schedule 1 (1) shall be deemed to have commenced on 21st

November, 1980.

Principal Act.

3.      The Motor Vehicles (Taxation) Act, 1980, is referred to in this Act

as the Principal Act.

Amendment of Act No. 119, 1980.

4.     The Principal Act is amended in the manner set forth in Schedule 1.

Act No. 25, 1982. 3

Motor Vehicles (Taxation) Amendment.

Application of amended formula.

5. For the purposes of the definition of "adjustment percentage" in section 9 (1) of the Principal Act, as amended by this Act, the percentage for the year ending with 31st December, 1981, and each subsequent year shall, subject to that Act, as so amended, be calculated in accordance with the formula set out in Schedule 3 to that Act, as so amended.

Savings.

(1) In subsection (2), a reference to the adjustment percentage for a

year is a reference to the adjustment percentage for that year within the
meaning of Part III of the Principal Act.

6.

(2) The Principal Act applies in respect of the adjustment percentage for the year ending with 31st December, 1980, as if Schedule 1 (2) had not been enacted.

(3) The Australian Statistician's ceasing to publish a list of index numbers under the heading "Concrete mix, cement, sand, etc." in the Price Index of Materials Used in Building other than House Building issued by him shall not be treated as giving rise to a change in a reference base, within the meaning of section 10 (5) of the Principal Act, as amended by this Act.

SCHEDULE 1.

(Sec. 4.)

AMENDMENTS TO THE PRINCIPAL ACT RELATING TO THE

CALCULATION OF TAX.

(1) Section 12 (1)—

After "and 2", insert "(as adjusted by the previous operation, if any, of this subsection)".

4   Act No. 25, 1982.

Motor Vehicles (Taxation) Amendment.

SCHEDULE 1—continued.

AMENDMENTS TO THE PRINCIPAL ACT RELATING TO THE

CALCULATION OF TAX—continued.

(2) Schedule 3—

From the words set forth opposite the matter "p(M2) ' \ omit "under the heading 'Concrete mix, cement, sand, etc ' in the Price Index of Materials Used in Building other than House Building—Group Index Numbers, for Sydney", insert instead "as index numbers for Sydney in the All-Groups Index contained in the Price Index of Materials Used in Building other than House Building".