Bills Digest No. 159  1999-2000Fuel Sales Grants (Consequential Amendments) Bill 2000


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
Endnotes
Contact Officer & Copyright Details

Passage History

Fuel Sales Grants (Consequential Amendments) Bill 2000

Date Introduced: 12 April 2000

House: House of Representatives

Portfolio: Treasury

Commencement: Royal Assent

Purpose

To incorporate relevant parts of the administration of the proposed petrol grants scheme, principally relating to the application of penalties, into the Taxation Administration Act 1953 (TAA).

Background

Refer to the Digest for the Product Grants and Benefits Administration Bill 2000.(1)

Main Provisions

Schedule 1 of the Bill (there are no further schedules) amends the TAA.

Section 8AAB of the TAA lists the circumstance where the general interest charge (GIC) will apply. Basically this is when an amount is owed to the Commonwealth due to the non-payment of tax or where income has been understated. The GIC may also be applied in addition to penalties for breaches of taxation laws. Item 1 provides that the GIC will apply where there is an unpaid debt under the proposed fuel grant scheme.

Items 2 to 6 includes certain actions made by claimants for grants under the proposed fuel grant scheme, such as making false statements or keeping false records, an offence provisions of the TAA.

Endnotes

1. See Bills Digest no. 157 1999-2000.

Contact Officer and Copyright Details

Chris Field
8 May 2000
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 2000

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, 2000.

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