WARNING:
This Digest was prepared for debate. It reflects the legislation as
introduced and does not canvass subsequent amendments. This Digest
does not have any official legal status. Other sources should be
consulted to determine the subsequent official status of the
Bill.
CONTENTS
Excise Tariff Amendment Bill (No. 5) 1997
Date Introduced: 22 October 1997
House: House of Representatives
Portfolio: Industry, Science and Tourism
Commencement: The amendments outlined in the
Digest are taken to have commenced on 17 September 1997.
To impose new rates of excise duty on tobacco and tobacco
products.
The reader is referred to the Digest for the States Grants
(General Purposes) Amendment Bill (No. 2) 1997.
Items 1-3 of Schedule 1 insert in the Excise Tariff Act
1921 new rates of excise duty for tobacco and tobacco
products. The rate of duty applying to:
- tobacco of a kind for which a wholesale list price is
prescribed - $86.92 per kilogram and 50.32% of the wholesale list
price;
- tobacco of a kind for which a wholesale list price is
not prescribed - $232.17 per kilogram;
- cigars of a kind for which a wholesale list price is
prescribed - $86.92 per kilogram and 50.32% of the wholesale list
price;
- cigars of a kind for which a wholesale list price is not
prescribed - $232.17 per kilogram;
- cigarettes of a kind for which a wholesale list price is
prescribed - $86.92 per kilogram and 50.32% of the wholesale list
price;
- cigarettes of a kind for which a wholesale list price is
not prescribed and there are no more than 1200 cigarettes per
kilogram - $232.17 per kilogram;
- cigarettes of a kind for which a wholesale list price is
not prescribed and there are more than 1200 cigarettes per
kilogram - $350 per kilogram; and
- fine cut tobacco suitable for the manufacture of cigarettes for
which a wholesale list price is not prescribed - $232.17 per
kilogram.
Ian Ireland
11 November 1997
Bills Digest Service
Information and Research Services
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ISSN 1328-8091
© Commonwealth of Australia 1997
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Published by the Department of the Parliamentary Library,
1997.
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Last updated: 12 November 1997
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