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This Digest was prepared for debate. It reflects the legislation as
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CONTENTS
Passage History
Purpose
Background
Main Provisions
Endnotes
Contact Officer & Copyright Details
Fuel Sales Grants (Consequential Amendments) Bill
2000
Date Introduced: 12 April 2000
House: House of
Representatives
Portfolio: Treasury
Commencement: Royal Assent
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).
Refer to the Digest for
the Product Grants and Benefits Administration Bill
2000.(1)
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.
1. See Bills Digest no. 157 1999-2000.
Chris Field
8 May 2000
Bills Digest Service
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ISSN 1328-8091
© Commonwealth of Australia 2000
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2000.
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