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This is a Bill, not an Act. For current law, see the Acts databases.


NATIONAL RESIDUE SURVEY EXCISE LEVY RATE CORRECTION (LAMB TRANSACTIONS) BILL 2003

2002-2003

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES




Presented and read a first time









National Residue Survey Excise Levy Rate Correction (Lamb Transactions) Bill 2003

No. , 2003

(Agriculture, Fisheries and Forestry)



A Bill for an Act to correct the rate of National Residue Survey Excise Levy on certain sales of lambs




Contents


A Bill for an Act to correct the rate of National Residue Survey Excise Levy on certain sales of lambs

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the National Residue Survey Excise Levy Rate Correction (Lamb Transactions) Act 2003.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Definitions

In this Act:

lamb has the same meaning as it had in Schedule 15 to the Levy Act as in force immediately before 30 May 2003.

Levy Act means the National Residue Survey (Excise) Levy Act 1998.

Levy Regulations means the Primary Industries Levies and Charges (National Residue Survey Levies) Regulations 1998.

sale has the same meaning as it had for regulation 240 of the Levy Regulations as in force immediately before 30 May 2003.

sale price has the same meaning as it had for regulation 240 of the Levy Regulations as in force immediately before 30 May 2003.

4 Sale price exceeding $75 per head—correction of rate of levy from 1 July 2000 to 30 May 2003

(1) This section applies in relation to a sale of lambs during the period starting on 1 July 2000 and ending immediately before 30 May 2003 if the sale price of the lambs was more than $75 per head.

(2) For the purposes of paragraph 3(1)(a) of Schedule 15 to the Levy Act, the rate of levy on the sale is taken to be, and always to have been:

(a) for a sale on or after 1 July 2000 and before 16 November 2001—4 cents per head; or

(b) for a sale on or after 16 November 2001 and before 30 May 2003—8 cents per head.

(3) Subsection (2) has effect despite the provisions of the Levy Act and the Levy Regulations as in force before 30 May 2003.

 


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