Bills Digest No. 210  1998-99 ACIS (Unearned Credit Liability) Bill 1999


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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 and Copyright Details

Passage History

ACIS (Unearned 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.

Purpose

To impose formally the unearned credit liability that may be payable under the proposed ACIS Administration Act 1999.

Background

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 introduced.

For further information on the ACIS scheme and the Australian automotive industry, refer to the Digest for the ACIS Administration Bill 1999.

Main Provisions

Clause 4 will impose formally the liability payable under section 95 of the proposed ACIS Administration Act 1999.

Contact Officer and Copyright Details

Chris Field
28 June 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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