A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005

2 0 2005-02-21T05:48:00Z 2007-11-12T00:12:00Z 2007-11-12T00:12:00Z 7 326 1864 198144 15 4 2186 10.6817             A New Tax System (Goods and Services Tax Impositio n (Recipients)—Excise) Act 2005   No. 2 , 2005           An Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is a duty of excise       Contents 1   Short title 2   Commencement 3   Imposition 4   Rate 5   Act does not impose a tax on property of a State     A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005 No. 2, 2005       An Act to implement A New Tax System by imposing the tax payable under the GST law, so far as that tax is imposed on recipients of taxable supplies and is a duty of excise [ Assented to 18 February 2005 ] The Parliament of Australia enacts: 1   Short title     This Act may be cited as the A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 200 5 . 2   Commencement     This Act commences on 1   July 2005. 3   Imposition   (1)   The tax that is payable under the GST law is imposed by this section under the name of goods and services tax ( GST ).   (2)   This section imposes GST only so far as that tax:   (a)   would be imposed on the recipient of a taxable supply; and   (b)   is a duty of excise within the meaning of section   55 of the Constitution.   (3)   In this section, GST law , recipient and taxable supply have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 . 4   Rate     The rate of goods and services tax payable under the GST law (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 ) is 10%. 5   Act does not impose a tax on property of a State   (1)   This Act does not impose a tax on property of any kind belonging to a State.   (2)   Property of any kind belonging to a State has the same meaning as in section   114 of the Constitution.     [ Minister’s second reading speech made in— House of Representatives on 8 December 2004 Senate on 9 December 2004 ] (252/04)