STATUTORY RULES.
1960. No. 27.
REGULATION UNDER THE EXCISE ACT 1901-1958.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Excise Act 1901-1953.
Dated this 29th day of April, 1960.
DUNROSSIL
Governor-General.
By His Excellency’s Command,
Minister of State for Customs and Excise.
Amendment of the Excise Regulations.†
Regulation 209 of the Excise Regulations is amended by omitting from sub-regulation (1.) the words “Fifteen shillings” and inserting in their stead the words “Seventeen shillings”.
* Notified in the Commonwealth Gazette on 29th April, 1960.
† Statutory Rules 1925, No. 181, as amended by Statutory Rules 1926, No. 70; 1928, No. 131; 1929, Nos. 74, 92 and 97; 1930, No. 71; 1931, Nos. 25 and 43; 1932, Nos. 13, 51, 105 and 129; 1933, Nos. 37 and 103; 1934, Nos. 9, 65 and 76; 1936, Nos. 26, 56 and 99; 1939, Nos. 5, 39, 60, 121 and 169; 1940, Nos. 17 and 48; 1941, No. 313; 1942, Nos. 291, 335 and 387; 1943, Nos. 22 and 140; 1944, No. 173; 1945, No. 103; 1946, No. 89; 1947, Nos. 28 and 85; 1948, Nos. 36 and 95; 1949, No. 96; 1950, No. 16; 1951, Nos. 81 and 123; 1952, No. 97; 1953, No. 86; 1954, Nos. 22 and 109; 1955, Nos. 54 and 65; 1956, No. 128; 1958, Nos. 18 and 87; and 1959, No. 76.
By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra.
1977/60.—Price 3d. 10/16.3.1960.
Overview
The Statutory Rules 1960 No. 27, made under the authority of the Excise Act 1901-1953, represents an amendment to the Excise Regulations, specifically adjusting the duty rates from Fifteen shillings to Seventeen shillings. Enacted by the Governor-General in Council, the regulation aims to address the need for updating the excise duties to reflect changes in economic conditions or policy adjustments. The policy objective, although not explicitly stated in the text, likely includes the regulation of excise duties to ensure fair taxation and revenue collection while maintaining alignment with broader fiscal policies. The regulation was notified in the Commonwealth Gazette on 29th April 1960 and published by the Commonwealth Government Printer in Canberra, ensuring its official promulgation and accessibility.
Scope and Application
The Excise Regulations, as amended by Statutory Rules 1960, No. 27, pertain to the Excise Act 1901-1953, establishing regulations that govern the application of excise duties within the Commonwealth of Australia. These regulations apply to all entities and individuals involved in the manufacture, sale, or distribution of excisable goods within the country. The regulation specifically addresses the amendment of Regulation 209, where it modifies the rate of excise duty from Fifteen shillings to Seventeen shillings. This amendment is intended to adjust the fiscal burden and revenue collection mechanisms associated with excise duties. The regulations are binding across the entire Commonwealth and are subject to the overarching framework provided by the Excise Act. Notably, the scope of the Excise Regulations is extensive, covering a wide array of industries and transactions involving excisable goods, thereby ensuring a uniform application of the amended duty rate throughout the nation. The regulations do not explicitly mention any exclusions or exemptions within the specified amendment but are subject to further delineation through subordinate instruments or specific provisions of the Excise Act.
Key Provisions
The Statutory Rules of 1960, No. 27, under the Excise Act 1901-1958, primarily amend Regulation 209 of the Excise Regulations. Specifically, Regulation 209 (1) alters the monetary value from "Fifteen shillings" to "Seventeen shillings." This change is intended to adjust the financial parameters within the excise regulations to reflect changes in economic conditions or fiscal policy.
Under these amended regulations, the entities governed by the Excise Act, such as manufacturers, importers, and retailers, must ensure compliance with the new monetary threshold. This adjustment could impact their reporting, compliance, and potentially the duties or taxes they are required to pay. Businesses must stay informed about these changes to avoid any non-compliance issues and ensure they are operating within the legal framework established by the Excise Act.
Failure to comply with the amended Excise Regulations could lead to various consequences. The legislation does not explicitly state the penalties or consequences of non-compliance within the text provided. However, under the broader Excise Act 1901-1958, breaches of excise regulations can result in civil or criminal penalties. These may include fines, imprisonment, or both, depending on the severity and frequency of the breach. It is crucial for businesses to understand and adhere to these regulations to avoid potential legal ramifications.