Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 3

Schedule 1--Assessment of amounts under indirect tax laws                    4

Part 1--Amendments commencing on 1 July 2012                                       4

Division 1--Main amendments                                                                                4

Taxation Administration Act 1953                                                                           4

Division 2--Definitions                                                                                             18

A New Tax System (Goods and Services Tax) Act 1999                                      18

A New Tax System (Luxury Car Tax) Act 1999                                                     18

A New Tax System (Wine Equalisation Tax) Act 1999                                       19

Customs Act 1901                                                                                                      19

Fuel Tax Act 2006                                                                                                     20

Income Tax Assessment Act 1997                                                                            20

Taxation Administration Act 1953                                                                         22

Division 3--Other amendments                                                                              22

Administrative Decisions (Judicial Review) Act 1977                                       22

A New Tax System (Goods and Services Tax) Act 1999                                      22

A New Tax System (Luxury Car Tax) Act 1999                                                     36

A New Tax System (Wine Equalisation Tax) Act 1999                                       38

Customs Act 1901                                                                                                      38

Fuel Tax Act 2006                                                                                                     40

Income Tax Assessment Act 1997                                                                            45

Product Grants and Benefits Administration Act 2000                                     45

Taxation Administration Act 1953                                                                         46

Division 4--Transitional amendments                                                                  51

A New Tax System (Goods and Services Tax) Act 1999                                      51

Fuel Tax Act 2006                                                                                                     51

Taxation Administration Act 1953                                                                         52

Division 5--Application of amendments and savings provision                      55

Part 2--Amendments commencing on 1 January 2017                             57

A New Tax System (Goods and Services Tax) Act 1999                                      57

A New Tax System (Goods and Services Tax Transition) Act 1999                  57

Fuel Tax Act 2006                                                                                                     57

Income Tax Assessment Act 1997                                                                            58

Taxation Administration Act 1953                                                                         58

Part 3--Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012                                                                                                                              61

Schedule 2--Correcting errors in working out amounts under indirect tax laws              62

A New Tax System (Goods and Services Tax) Act 1999                                      62

Fuel Tax Act 2006                                                                                                     62

Schedule 3--Net amounts                                                                                               65

A New Tax System (Goods and Services Tax) Act 1999                                      65

A New Tax System (Luxury Car Tax) Act 1999                                                     67

A New Tax System (Wine Equalisation Tax) Act 1999                                       67

Schedule 4--Minor amendments                                                                                68

A New Tax System (Goods and Services Tax) Act 1999                                      68

Fuel Tax Act 2006                                                                                                     69

Income Tax Assessment Act 1997                                                                            70

Taxation Administration Act 1953                                                                         70

 

 

 

Indirect Tax Laws Amendment (Assessment) Act 2012

No. 39, 2012

 

An Act to amend the law relating to indirect taxation, and for related purposes

[Assented to 15 April 2012]

The Parliament of Australia enacts: