Commonwealth Numbered Acts

A NEW TAX SYSTEM (INDIRECT TAX AND CONSEQUENTIAL AMENDMENTS) ACT (NO. 2) 1999 NO. 177, 1999 - SCHEDULE 3

A New Tax System (Commonwealth-State Financial Arrangements) Act 1999

1 Section 4

general interest charge means the charge worked out under Division 1 of Part IIA of the Taxation Administration Act 1953 .

2 Section 4

luxury car tax law has the meaning given by section 27-1 of the A New Tax System (Luxury Car Tax) Act 1999 .

3 Section 4

wine equalisation tax law has the meaning given by section 33-1 of the A New Tax System (Wine Equalisation Tax) Act 1999 .

4 After paragraph 5(3)(a)

(aa)

the amount of general interest charge that was collected to the extent that it is attributable to:

(i)

unpaid GST; or

(ii)

unpaid general interest charge, being general interest charge payable in respect of unpaid GST; and

5 At the end of subsection 5(4)

; to the extent that the amounts are attributable to GST.

6 After subsection 5(4)

(4A)

In making determinations and estimates for the purposes of subsection (2), the Commissioner must make such adjustments as are necessary to ensure that any effect that the luxury car tax law or wine equalisation tax law would otherwise have on the amounts of GST, and the amounts attributable to GST, is removed.