House of Representatives
A New Tax System (Luxury Car Tax Imposition-Customs) Amendment Bill 2008
Second Reading Speech
Mr Swan (Treasurer)I move:
That this bill be now read a second time.
The bill operates to impose luxury car tax to the extent that it is a duty of customs.
As a consequence the bill increases the luxury car tax rate to 33 per cent to apply to luxury cars on and from 1 July 2008.
I commend the bill to the House.
Debate (on motion by Mr Turnbull) adjourned.