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Legislative Assembly for the ACT: 2000 Week 7 Hansard (27 June) . . Page.. 2076 ..
Clause 2.
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety) (9.14): Mr Speaker, I move:
Page 1, line 7, after "commences", insert ", or is taken to have commenced,".
I present an explanatory memorandum relating to the amendment and to the other amendments that I will be moving. The first amendment deals with this problem that the clauses will commence after 1 July, so the provisions of the bill about having these changes in place by 1 July have to be adjusted. We dealt with this earlier this evening in other forms.
Amendment agreed to.
Clause 2, as amended, agreed to.
Clause 3.
Amendment (by Mr Humphries ) agreed to:
Page 2, line 5, definition of input tax credit, omit the definition.
Clause 3, as amended, agreed to.
Clause 4.
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety) (9.15): I move:
Page 2, line 9, omit the clause, substitute the following clause:
"4 Increase in certain charges for GST
Despite any other Territory law, if the amount payable for a taxable supply is fixed under an Act or subordinate law, the amount payable for the supply may be increased by an amount not more than the GST payable for the taxable supply.".
The changes to clause 4 remove a previously included paragraph 4(b) from the bill. Clause 4 of the bill permits GST to be added to the price payable for a taxable supply where the amount is otherwise constrained by law. There was further detailed consideration of these provisions after the bill was introduced and it became clear that the amount of variance will amount to the full value of the GST payable for the taxable supply. As this concept sufficiently builds in offsetting concepts, such as forgone sales or tax revenues, it is felt that this amounted to the full value of the GST payable for the taxable supply. The government amendment simplifies the provision to make it clear that that is the effect of it. It is also worth noting the sunset provision of 30 June 2001.
Amendment agreed to.
Clause 4, as amended, agreed to.
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