Bills Digest No. 159 1999-2000
Fuel Sales Grants (Consequential Amendments) Bill 2000
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
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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Published by the Department of the Parliamentary Library, 2000.
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