Bills Digest No. 37 1999-2000 Tradex Duty Imposition Bill 1999


Numerical Index | Alphabetical Index

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

Passage History
Purpose
Background
Main Provisions
Contact Officer & Copyright Details

Passage History

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

Purpose

To impose formally the tax to be known as tradex duty.

Background

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.

Main Provisions

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.

Contact Officer and Copyright Details

Ian Ireland
16 August 1999
Bills Digest Service
Information and Research Services

This paper has been prepared for general distribution to Senators and Members of the Australian Parliament. While great care is taken to ensure that the paper is accurate and balanced, the paper is written using information publicly available at the time of production. The views expressed are those of the author and should not be attributed to the Information and Research Services (IRS). Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion. Readers are reminded that the paper is not an official parliamentary or Australian government document.

IRS staff are available to discuss the paper's contents with Senators and Members
and their staff but not with members of the public.

ISSN 1328-8091
© Commonwealth of Australia 1999

Except to the extent of the uses permitted under the Copyright Act 1968, no part of this publication may be reproduced or transmitted in any form or by any means, including information storage and retrieval systems, without the prior written consent of the Parliamentary Library, other than by Members of the Australian Parliament in the course of their official duties.

Published by the Department of the Parliamentary Library, 1999.

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