WARNING:
This Digest was prepared for debate. It reflects the legislation as
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CONTENTS
Passage History
Purpose
Background
Main Provisions
Contact Officer & Copyright Details
Tradex Duty Imposition Bill
1999
Date Introduced: 24 June 1999
House: House of Representatives
Portfolio: Industry, Science and Resources
Commencement: On the day on which the Tradex
Scheme Bill 1999 commences
To impose
formally the tax to be known as tradex duty.
Clause 21 of the Tradex Scheme
Bill 1999 specifies the circumstances in which a tradex order
holder will be liable to pay tradex duty. The circumstances
include:
-
- where the nominated goods are consumed or used by the tradex
order holder in Australia
-
- where the nominated goods are disposed of or dealt with in any
way by the tradex order holder for the purpose of being consumed or
used by someone else in Australia, and
-
- the goods are not exported within one year of their entry for
home consumption.
Depending on the circumstances in which a tax is
imposed, the tax may be defined to be a customs duty, an excise
duty or a tax. To satisfy section 55 of the Constitution there is a
separate Bill imposing the tax to be called tradex duty.
The reader is also referred to the Digest for
the Tradex Scheme Bill 1999.
Clause 3 imposes formally the
tax to be known as tradex duty payable under clause 21 of the
Tradex Scheme Bill 1991.
Clause 4 provides that the Bill
does not impose a tax on property of any kind belonging to a
State.
Ian Ireland
16 August 1999
Bills Digest Service
Information and Research Services
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ISSN 1328-8091
© Commonwealth of Australia 1999
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Published by the Department of the Parliamentary Library,
1999.
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