Revenue Laws Amendment (Taxation) Act 1999 (WA)
| Western Australia |
Revenue Laws Amendment (Taxation)
Act 1999
No. 25 of 1999
An Act to amend the —
| | Land Tax Act 1976; and |
| | Stamp Act 1921. |
[Assented to 29 June 1999]
The Parliament of Western Australia enacts as follows:
Revenue Laws Amendment (Taxation) Act 1999
| Part 1 | Preliminary |
| s. 1 |
Part 1 — Preliminary
1. Short title
| This Act may be cited as the Revenue Laws Amendment (Taxation) Act 1999. |
2. Commencement
| (1) | Subject to this section, this Act comes into operation on the day on which it receives the Royal Assent. |
| (2) | If this Act receives the Royal Assent on or before 1 July 1999 Part 2 comes into operation on 1 July 1999. |
| (3) | If this Act receives the Royal Assent after 1 July 1999 Part 2 is deemed to have come into operation on 1 July 1999. |
| (4) | Section 7 comes into operation — |
| (a) | if this Act receives the Royal Assent on or before 1 July 1999, on 1 July 1999; or |
| (b) | if this Act receives the Royal Assent after 1 July 1999, on the day on which this Act receives the Royal Assent. |
Revenue Laws Amendment (Taxation) Act 1999
| Land Tax Act 1976 amended | Part 2 |
s. 3
Part 2 — Land Tax Act 1976 amended
3. The Act amended by this Part
The amendments in this Part are to the Land Tax Act 1976*.
[* Act No.13 of 1976.
For subsequent amendments see 1998 Index to Legislation of
Western Australia, Table 1, p. 137.]
4. Section 11 amended
Section 11 is amended by deleting “, and for each year of assessment thereafter,”.
5. Section 12 added
After section 11 the following section is added —
| “ |
12. Land tax rate from 1999
| For the year of assessment commencing on 1 July 1999, and for each year of assessment thereafter, land tax is imposed, and shall be payable pursuant to the Land Tax Assessment Act 1976, at the rate shown in Schedule 8. |
”.
Revenue Laws Amendment (Taxation) Act 1999
| Part 2 | Land Tax Act 1976 amended |
| s. 6 |
6. Schedule 8 added
After Schedule 7 the following Schedule is added —
| “ |
Schedule 8
[s. 12]
Unimproved value of the
| land under the Land Tax | Rate |
| Assessment Act 1976 |
| Exceeding | Not |
exceeding
| $ | $ |
| 0 | 10 000 Nil |
| 10 000 | 100 000 | $15.00 + 0.15 cent for each $1 in excess of $10 000 |
| 100 000 | 190 000 | $150.00 + 0.25 cent for each $1 in excess of $100 000 |
| 190 000 | 325 000 | $375.00 + 0.45 cent for each $1 in excess of $190 000 |
| 325 000 | 550 000 | $982.50 + 0.80 cent for each $1 in excess of $325 000 |
| 550 000 | 850 000 | $2 782.50 + 1.20 cents for each $1 in excess of $550 000 |
| 850 000 | 1 250 000 | $6 382.50 + 1.60 cents for each $1 in excess of $850 000 |
| 1 250 000 | $12 782.50 + 2.00 cents for each $1 in excess of $1 250 000 |
”.
Revenue Laws Amendment (Taxation) Act 1999
| Stamp Act 1921 amended | Part 3 |
s. 7
Part 3 — Stamp Act 1921 amended
7. Second Schedule amended and transitional provisions
| (1) | Item 14 of the Second Schedule to the Stamp Act 1921* is deleted and the following item is inserted instead — |
“
14. MOTOR VEHICLE LICENCE,
ISSUE OR TRANSFER OF
| ||||
|
| motor vehicle does not exceed | licence is |
| $15 000 | issued or the |
| (b) | where the market value of the | The percentage rate of: |
transferee;
| motor vehicle exceeds $15 000 | | MV | 15000 | | and see |
| but does not exceed $40 000 | 2 | . | 5 | | | | section |
| | 10000 | | 76C(13) |
of the market value (MV)
| (c) | where the market value of the | 5% of the market value |
| motor vehicle exceeds $40 000 | ||
| The duty payable is to be rounded down to the nearest 5 cents |
”.
| (2) | Subject to subsection (3), if an application for the issue or transfer of a motor vehicle licence is made to a licensing authority before this section commences, then the Stamp Act 1921 as it was in force immediately before this section commences continues to operate in respect of the issue or transfer of the licence. |
Revenue Laws Amendment (Taxation) Act 1999
| Part 3 | Stamp Act 1921 amended |
| s. | 7 | |
|
| (a) |
an application for the issue or transfer of a motor vehicle 1 July 1999; and
| (b) | stamp duty in respect of the issue or transfer is not paid before the day on which this section commences, |
then the Stamp Act 1921 as amended by subsection (1) operates
in respect of the issue or transfer of the licence.
| (4) | If under section 76C(9), (10) or (10C) of the Stamp Act 1921 duty is assessed before this section commences, then the Stamp Act 1921 as it was in force immediately before this section commences continues to operate in respect of any issue or transfer of a licence as a result of the assessment. |
| [* Reprinted as at 23 January 1996. |
For subsequent amendments see 1998 Index to Legislation of
Western Australia, Table 1, p. 237 and Act No. 2 of 1999.]
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