SALES TAX (No. 3).
No. 30 of 1931.
An Act to amend the Sales Tax Act (No. 3) 1930.
[Assented to 10th August, 1931.]
BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the Sales Tax Act (No. 3) 1931.
(2.) The Sales Tax Act (No. 3) 1930 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Sales Tax Act (No. 3) 1930‑1931.
Commencement.
2. This Act shall be deemed to have commenced on the eleventh day of July, One thousand nine hundred and thirty-one.
Incorporation.
3. Section two of the Principal Act is amended by omitting the figures “1930” and inserting in their stead the figures “1930-1931”.
Imposition of tax.
4. Section three of the Principal Act is amended by omitting the words “and sold by a taxpayer not being either the manufacturer of those goods or a purchaser of those goods from the manufacturer” and
inserting in their stead the words “,which are sold, before the eleventh day of July, One thousand nine hundred and thirty-one, by a taxpayer not being either the manufacturer of those goods or a purchaser of those goods from the manufacturer, and at the rate of six per centum upon the sale value of goods manufactured in Australia, which are sold, on or after that date, by a taxpayer not being either the manufacturer of those goods or a purchaser of those goods from the manufacturer”.
Overview
The Sales Tax (No. 3) Act 1931 was enacted to amend the Sales Tax Act (No. 3) 1930, addressing certain deficiencies and updating the tax regime. This Act was passed by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia with the intention of modifying the sales tax structure. The primary objective of this legislation was to incorporate changes to the tax rate and scope of taxable sales, ensuring that the tax system remained effective and responsive to economic conditions. The Act came into effect on 11 July 1931, introducing new tax rates and clarifying the application of sales tax on goods manufactured in Australia.
Scope and Application
The Sales Tax Act (No. 3) 1931 amends the Sales Tax Act (No. 3) 1930, introducing modifications to the imposition of tax on the sale of goods. This legislation applies to taxpayers involved in the sale of manufactured goods within Australia, specifically targeting those who are not the manufacturer or a direct purchaser from the manufacturer. The Act extends its jurisdictional reach across the Commonwealth of Australia, ensuring uniformity in tax application nationwide. It is important to note that the Act imposes a six percent tax rate on the sale value of goods manufactured in Australia, effective from the eleventh day of July, 1931, for sales occurring on or after this date. While the Act primarily focuses on sales transactions, it does not explicitly state exclusions, exemptions, or thresholds within the provided text, but it is possible that such details are addressed in subordinate instruments or further sections of the legislation.
Key Provisions
The Sales Tax Act (No. 3) 1931 introduces amendments to the Sales Tax Act (No. 3) 1930. It amends the imposition of tax on sales of goods. Section 3 of the Principal Act is modified to include an additional tax rate for goods sold after 10th July 1931. Specifically, a six percent tax is applied to the sale value of goods manufactured in Australia and sold by a taxpayer who is neither the manufacturer nor a direct purchaser from the manufacturer, provided the sale occurs on or after the 11th July 1931.
Under this Act, parties or entities governed by it must comply with the specified tax rates on the sale of goods. The obligation is placed on taxpayers who sell goods manufactured in Australia but are not the manufacturer or a direct purchaser from the manufacturer. For sales occurring before 11th July 1931, the previous tax rates apply, whereas for sales on or after this date, the new six percent rate must be applied.
Breach of the provisions outlined in this Act can result in penalties. Although the specific penalties are not detailed in the provided excerpt, it is implied that non-compliance with the amended tax rates could lead to financial penalties or other legal consequences as stipulated by the relevant tax authorities. The maximum penalties for such breaches would be determined according to the prevailing tax laws and regulations at the time of the offence.