Sales Tax Assessment Amendment Act 1997 (Cth)

Sales Tax Assessment Amendment Act 1997

No. 140, 1997

Sales Tax Assessment Amendment Act 1997

No. 140, 1997

An Act to amend the Sales Tax Assessment Act 1992, and for related purposes

Contents

Sales Tax Assessment Amendment Act 1997

No. 140, 1997

An Act to amend the Sales Tax Assessment Act 1992, and for related purposes

[Assented to 19 September 1997]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Sales Tax Assessment Amendment Act 1997.

2Commencement

This Act is taken to have commenced on 6 August 1997.

3Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Sales Tax Assessment Act 1992

1

Subsection 29(7)

Insert:

total tax liability does not include tax to the extent that it is payable as a result of the operation of section 15A of the Sales Tax (Exemptions and Classifications) Act 1992.

2

At the end of section 34

Add:

1. (4)

   In working out the taxable value of goods covered by section 15A of the Sales Tax (Exemptions and Classifications) Act 1992, any rebate, refund or other payment or credit made by a State or Territory in respect of the goods is to be disregarded.

3

Subsection 62(6)

Insert:

total sales tax that became payable does not include tax to the extent that it became payable as a result of the operation of section 15A of the Sales Tax (Exemptions and Classifications) Act 1992.

4

At the end of subsection 110(3)

Add:

1. (e)

   the disclosure of information relating to goods to which section 15A of the Sales Tax (Exemptions and Classifications) Act 1992 applies:

   1. (i)

      by a person authorised by the Commissioner or a Deputy Commissioner; and

   2. (ii)

      to a State or Territory officer for the purpose of that person administering an arrangement for the rebate, refund or other payment or credit by a State or Territory in respect of such goods.

5

After section 110(5)

Insert:

1. (5A)

   For the purposes of paragraph (3)(e), information relating to goods means the following:

   1. (a)

      the identity of parties to dealings with the goods;

   2. (b)

      the amount for which the goods are sold;

   3. (c)

      the taxable value of the goods;

   4. (d)

      the amount of tax paid, or payable, in respect of the goods and the identity of the person liable for the tax;

   5. (e)

      details of any credits to which a person is entitled in respect of the goods and the identity of that person.

6

Subsection 110(6)

Insert:

State or Territory officer means a person holding an office prescribed for the purposes of this definition.

[Minister’s second reading speech made in¾

House of Representatives on 28 August 1997

Senate on 3 September 1997]

(123/97)