Revenue and Other Legislation Amendment Regulation (No. 1) 2002 (Qld)

Queensland Subordinate Legislation 2002 No. 148 Fuel Subsidy Act 1997 Pay-roll Tax Act 1971 Taxation Administration Act 2001 REVENUE AND OTHER LEGISLATION AMENDMENT REGULATION (No. 1) 2002 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 PART 2—AMENDMENT OF FUEL SUBSIDY REGULATION 1998 3 Regulation amended in pt 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Insertion of new s 4A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4A Amount prescribed for entitlement to a provisional subsidy payment—Act, s 34A ............................. 3 5 Insertion of new s 4B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4B Class prescribed for claim periods of less than 3 months—Act, s 35 4 6 Renumbering of ss 4A–6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 3—AMENDMENT OF PAY-ROLL TAX REGULATION 1999 7 Regulation amended in pt 3 and sch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 8 Omission of ss 11 and 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 9 Insertion of new pt 5, div 1A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Division 1A—Value of Queensland fringe benefits 13A Definitions for div 1A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 13B Value of Queensland fringe benefits for estimated value amount . . . 5

2 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 13C Value of Queensland fringe benefits for reconciliation amount or final return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Amendment of sch (Dictionary) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 4—AMENDMENT OF TAXATION ADMINISTRATION REGULATION 2002 11 Regulation amended in pt 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Amendment of s 9 (Corresponding commissioner for recognised laws—Act, s 78) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . MINOR AMENDMENTS OF PAY-ROLL TAX REGULATION 1999 5 6 7 7 8

s1 3 s5 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 PART 1—PRELIMINARY 1 Short title This regulation may be cited as the Revenue and Other Legislation Amendment Regulation (No. 1) 2002 . 2 Commencement (1) Part 2, other than sections 4 and 6, is taken to have commenced on 17 April 2001. (2) Part 3 and the schedule commence on 1 July 2002. PART 2—AMENDMENT OF FUEL SUBSIDY REGULATION 1998 3 Regulation amended in pt 2 This part amends the Fuel Subsidy Regulation 1998. 4 Insertion of new s 4A After section 4— insert— ‘4A Amount prescribed for entitlement to a provisional subsidy payment—Act, s 34A ‘For section 34A(1)(c) 1 of the Act, the amount prescribed is $1 000.00. 2 5 Insertion of new s 4B Before section 5— 1 Section 34A (Application of div 1) of the Act 2 For a previous financial year ending 30 June 2001, see section 155(1)(b) of the Act.

s6 4 s9 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 insert— ‘4B Class prescribed for claim periods of less than 3 months—Act, s 35 ‘Local governments are a class prescribed for section 35(4)(b) 3 of the Act.’. 6 Renumbering of ss 4A–6 Sections 4A to 6— renumber as sections 5 to 8. PART 3—AMENDMENT OF PAY-ROLL TAX REGULATION 1999 7 Regulation amended in pt 3 and sch This part and the schedule amend the Pay-roll Tax Regulation 1999. 8 Omission of ss 11 and 28 Sections 11 and 28— omit . 9 Insertion of new pt 5, div 1A Part 5— insert — 3 Section 35 (When subsidies are claimed) of the Act

s9 5 s9 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 ‘Division 1A—Value of Queensland fringe benefits ‘13A Definitions for div 1A ‘In this division— “taxable amount” , of a fringe benefit, means the value that would be the benefit’s fringe benefits taxable amount for the Fringe Benefits Assessment Act. “taxable value” , of a fringe benefit, means— (a) if paragraph (b) does not apply—the value that would be the taxable value of the benefit as a fringe benefit under the Fringe Benefits Assessment Act; or (b) if the benefit is an amortised fringe benefit—the amortised amount of the benefit calculated under section 65CA of the Fringe Benefits Assessment Act. 4 ‘13B Value of Queensland fringe benefits for estimated value amount ‘For calculating the estimated value amount for a financial year beginning on 1 July 2002 or a later financial year, the value of Queensland fringe benefits for the previous or last year of tax is the taxable amount of the benefits. ‘13C Value of Queensland fringe benefits for reconciliation amount or final return ‘ (1) This section applies for calculating a reconciliation amount or the value of fringe benefits to be included in an employer’s final return under section 23. ‘ (2) The value of Queensland fringe benefits for the last year of tax is— (a) for the financial year beginning on 1 July 2002—the sum of— (i) the taxable value of the benefits for the period beginning on 1 April 2002 and ending on 30 June 2002; and 4 Section 65CA (Amortisation of taxable value of fringe benefits relating to remote area home ownership schemes) of the Fringe Benefits Assessment Act

s 10 6 s 10 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 (ii) the taxable amount of the benefits for the period beginning on 1 July 2002 and ending on 31 March 2003; or (b) for the financial year beginning on 1 July 2003 or a later financial year—the taxable amount of the benefits. ‘ (3) The value of Queensland fringe benefits for the year of tax ending in an employer’s election year is— (a) for the election year beginning on 1 July 2002 or an earlier election year—the taxable value of the benefits; or (b) for the election year beginning on 1 July 2003 or a later election year—the taxable amount of the benefits.’. 10 Amendment of sch (Dictionary) (1) Schedule, definition “reconciliation amount”— omit. (2) Schedule— insert— ‘ “election year” , for an employer, means the financial year in which the employer last made an election under part 5, division 2, subdivision 1. “reconciliation amount” , for a financial year for an employer, means the difference between the following— (a) the total of— (i) the value of Queensland fringe benefits for the last year of tax; and (ii) the value of any Queensland fringe benefits paid or payable by the employer in April, May and June of the financial year for which a reconciliation return is made; (b) the total of— (i) one-quarter of the value of Queensland fringe benefits for the year of tax ending in the employer’s election year; and (ii) the total value of Queensland fringe benefits included in the returns for the financial year for which a reconciliation return is made.’.

s 11 7 s 12 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 PART 4—AMENDMENT OF TAXATION ADMINISTRATION REGULATION 2002 11 Regulation amended in pt 4 This part amends the Taxation Administration Regulation 2002 . 12 Amendment of s 9 (Corresponding commissioner for recognised laws—Act, s 78) (1) Section 9(1), (2) and (3), ‘is—’— omit, insert — ‘is as follows—’. (2) Section 9(1)(a) to (e) and 3(a)(vi) and (b) to (d), ‘; and’— omit, insert — ‘;’.

8 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 SCHEDULE MINOR AMENDMENTS OF PAY-ROLL TAX REGULATION 1999 section 7 1 Sections 16(8)(a), 19(a) and (b)(i), 20(a) and (b)(i), 21(a) and (b)(i), 22 and 23(2)(a)(i) and (b)(i), before ‘the Queensland fringe benefits’— insert— ‘the value of’. 2 Sections 16(8)(b), 19(b)(ii), 20(b)(ii) and 23(2)(b)(ii), ‘total of’— omit, insert — ‘total value of the’. 3 Section 21(b)(ii), before ‘Queensland fringe benefits’— insert— ‘the value of the’. 4 Section 23(1), after ‘under’— insert— ‘division 2,’. 5 Section 23(2)(b)(i), from ‘financial’ to ‘subdivision 1’— omit, insert — ‘employer’s election year’.

9 Revenue and Other Legislation Amendment Regulation No. 148, 2002 (No. 1) 2002 SCHEDULE (continued) 6 Section 23(2)(a)(ii), before ‘any Queensland’— insert — ‘the value of’. 7 Section 23(2)(a)(ii), ‘to which the return relates’— omit, insert — ‘for which the return is made’. 8 Section 23(2)(b)(ii), ‘in which’— omit, insert — ‘for which’. ENDNOTES 1. Made by the Governor in Council on 20 June 2002. 2. Notified in the gazette on 21 June 2002. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 2002