A New Tax System (Wine Equalisation Tax Imposition—Excise) Act 1999

A New Tax System (Wine Equalisation Tax Imposition—Excise) Act 1999 No. 65, 1999 A New Tax System (Wine Equalisation Tax Imposition—Excise) Act 1999 No. 65, 1999 An Act to implement A New Tax System by imposing the tax payable under the wine tax law, so far as that tax 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 (Wine Equalisation Tax Imposition—Excise) Act 1999 No. 65, 1999 An Act to implement A New Tax System by imposing the tax payable under the wine tax law, so far as that tax is a duty of excise [ Assented to 8 July 1999 ] The Parliament of Australia enacts: 1 Short title This Act may be cited as the A New Tax System (Wine Equalisation Tax Imposition—Excise) Act 1999 . 2 Commencement This Act commences on 1 July 2000. 3 Imposition (1) The tax that is payable under the wine tax law (within the meaning of the A New Tax System (Wine Equalisation Tax) Act 1999 ) is imposed by this section under the name of wine equalisation tax ( wine tax ). (2) This section imposes wine tax only so far as that tax is a duty of excise within the meaning of section 55 of the Constitution. 4 Rate The rate of wine tax payable under the A New Tax System (Wine Equalisation Tax) Act 1999 is 29%. 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 24 March 1999 Senate on 31 March 1999 ] (44/99)