Sales Tax (Excise) (Deficit Reduction) Act 1993 (Cth)

Sales Tax (Excise) (Deficit Reduction) Act 1993

Act No. 49 of 1993 as amended

[Note: This Act was repealed by Act No. 101 of 2006 on 14 September 2006

For transitional and application provisions see Act No. 101, 2006, Schedule 6 (items 5–11)]

This compilation was prepared on 11 October 2000

taking into account amendments up to Act No. 94 of 1995

The text of any of those amendments not in force

on that date is appended in the Notes section

The operation of amendments that have been incorporated may be

affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,

Attorney‑General’s Department, Canberra

Contents

An Act relating to sales tax

Part 1Preliminary1Short title [see Note 1]

This Act may be cited as the Sales Tax (Excise) (Deficit Reduction) Act 1993.

2Commencement [see Note 1]

1. (1)

   Parts 1 and 2 and Schedule 1 are taken to have commenced on 18 August 1993.

2. (2)

   Part 3 and Schedule 2 commence on 1 July 1995.

3Object of Act

The object of this Act is to modify the provisions of the Sales Tax (Exemptions and Classifications) Act 1992, in so far as they deal with tax imposed by the Sales Tax Imposition (Excise) Act 1992.

4This Act taken to be a sales tax amending Act for certain purposes

For the purposes of section 129 of the Sales Tax Assessment Act 1992, this Act is taken to be a sales tax amending Act.

Part 2Modifications commencing on 18 August 19935Modifications of the Sales Tax (Exemptions and Classifications) Act 1992

The provisions of the Sales Tax (Exemptions and Classifications) Act 1992 have effect, in so far as they deal with tax imposed by the Sales Tax Imposition (Excise) Act 1992, as if:

1. (a)

   they were modified as set out in Schedule 1 to this Act; and

2. (b)

   those modifications applied to dealings with goods on or after 18 August 1993.

Part 3Modifications commencing on 1 July 19956Modifications of the Sales Tax (Exemptions and Classifications) Act 1992

The provisions of the Sales Tax (Exemptions and Classifications) Act 1992 (as modified by Part 2 of this Act) have effect, in so far as they deal with tax imposed by the Sales Tax Imposition (Excise) Act 1992, as if:

1. (a)

   they were further modified as set out in Schedule 2 to this Act; and

2. (b)

   those further modifications applied to dealings with goods on or after 1 July 1995.

Schedule 1Modifications Commencing on 18 August 1993

Section 5

1.

Paragraph 12(2)(a):

Omit “Schedule 5”, substitute “Schedule 6”.

2.

Subsection 15(1):

Omit “and 5”, substitute “, 5 and 6”.

3.

Schedule 1:

1. (a)

   Omit from subitem 96(2) “Schedule 5” (twice occurring), substitute “Schedule 6”.

2. (b)

   Omit from subitem 97(2) “Schedule 5” (twice occurring), substitute “Schedule 6”.

4.

Schedule 2:

Omit “GOODS TAXED AT 10%”, substitute “GOODS TAXED AT 11%”.

5.

Schedule 3:

1. (a)

   Omit “GOODS TAXED AT 15%”, substitute “GOODS TAXED AT 16%”.

2. (b)

   Omit from subitem 1(1) “Schedule 5”, substitute “Schedule 6”.

6.

Schedule 4:

1. (a)

   Omit “GOODS TAXED AT 20%”, substitute “GOODS TAXED AT 21%”.

2. (b)

   Omit from Item 1 “and 5”, substitute “, 5 and 6”.

7.

Schedule 5:

1. (a)

   Omit “GOODS TAXED AT 30%”, substitute “GOODS TAXED AT 31%”.

2. (b)

   Omit Item 1 of the Table of Contents.

3. (c)

   Omit Item 1.

8.

Insertion of new Schedule:

After Schedule 5 insert the following Schedule:

“SCHEDULE 6

“GOODS TAXED AT 45%

“Item 1:

[Luxury motor cars]

“(1) Motor cars or station wagons (including those known as four‑wheel drive vehicles), if the taxable value of the taxable dealing concerned is more than 67.1% of the motor vehicle depreciation limit for the financial year in which the taxable dealing happens.

“(2) This Item does not cover motor vehicles that are specially fitted out for transporting disabled persons seated in wheelchairs unless the motor vehicles are described in subitem (1) of exemption Item 96 or 97.”.

Schedule 2Modifications commencing on 1 July 1995

Section 6

1.

Schedule 2:

Omit “GOODS TAXED AT 11%”, substitute “GOODS TAXED AT 12%”.

3.

Schedule 4:

Omit “GOODS TAXED AT 21%”, substitute “GOODS TAXED AT 22%”.

4.

Schedule 5:

Omit “GOODS TAXED AT 31%”, substitute “GOODS TAXED AT 32%”.

Notes to theSales Tax (Excise) (Deficit Reduction) Act 1993

Note 1

The Sales Tax (Excise) (Deficit Reduction) Act 1993 as shown in this compilation comprises Act No. 49, 1993 amended as indicated in the Tables below.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Sales Tax (Excise) (Deficit Reduction) Act 1993	49, 1993	27 Oct 1993	Parts 1 and 2 (ss. 1‑5): 18 Aug 1993 Remainder: 1 July 1995
Taxation Laws Amendment (Budget Measures) Act 1995	94, 1995	27 July 1995	Schedule 3 (Part 2 [items 5, 6]): 1 July 1995 Schedule 9: Royal Assent Remainder: 9 May 1995	—

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
Schedule 2...........................	am. No. 94, 1995