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

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)