A New Tax System (Goods and Services Tax) (Business Vehicle Use Fraction) Determination 2003

A New Tax System (Goods and Services Tax) (Business Vehicle Use Fraction) Determination 2003 I, NICHOLAS HUGH MINCHIN , Minister for Finance and Administration , make this Determination under subsection 79-100 (1) of the A New Tax System (Goods and Services Tax) Act 1999 . Dated 2 July 2003 NICK MINCHIN Minister for Finance and Administration for the Minister for Revenue and Assistant Treasurer 1 Name of Determination This Determination is the A New Tax System (Goods and Services Tax) (Business Vehicle Use Fraction) Determination 2003 . 2 Commencement This Determination is taken to have commence d on 1 July 2003 . 3 Business vehicle use fraction For subsection 79-100 (2) of the A New Tax System (Goods and Services Tax) Act 1999 , the business vehicle use fraction for each compulsory third party scheme mentioned in Schedule 1 is specified in that Schedule. Schedule 1 Business vehicle use fractions (section 3) Item Compulsory third party scheme Australian law Fraction 1 Compensation scheme for victims of motor accidents Motor Accidents Act 1988 (NSW) Motor Accidents Compensation Act 1999 (NSW) 36/100 36/100 2 Compulsory third party transport accident compensation scheme Transport Accident Act 1986 (Vic) 31/100 3 Statutory insurance scheme Motor Accident Insurance Act 1994 (Qld) 38/100 4 Compulsory third party insurance scheme Motor Vehicle (Third Party Insurance) Act 1943 (WA) 36 /100 5 Third party insurance scheme Motor Vehicles Act 1959 (SA) 33 /100 6 Compulsory third party insurance scheme Road Transport (General) Act 1999 (ACT) 25 /100 7 Motor accidents compensation scheme Motor Accidents (Compensation) Act (NT) 47 /100 8 Motor accidents insurance scheme Motor Accidents (Liabilities and Compensation) Act 1973 (Tas) 33 /100