This Digest was prepared for debate. It reflects the legislation as
introduced and does not canvass subsequent amendments. This Digest
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Contact Officer and Copyright Details
Credit Liability) Bill 1999
Date Introduced: 13 May 1999
House: House of Representatives
Portfolio: Industry, Science and Resources
Commencement: On commencement of the
proposed ACIS Administration Act 1999.
formally the unearned credit liability that may be payable under
the proposed ACIS Administration Act 1999.
The need for this Bill is based on section 55 of
the Constitution which provides, in part:
Laws imposing taxation shall deal only with the
imposition of taxation, and any provision therein dealing with any
other matter shall be of no effect.
In order to prevent a possible breach of section
55 it is normal practice for a formal imposition Bill to be
introduced with an administration Bill whenever a new tax is
For further information on the ACIS scheme and
the Australian automotive industry, refer to the Digest for the
ACIS Administration Bill 1999.
Clause 4 will impose formally
the liability payable under section 95 of the proposed ACIS
Administration Act 1999.
28 June 1999
Bills Digest Service
Information and Research Services
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© Commonwealth of Australia 1999
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