House of Representatives
A New Tax System (Luxury Car Tax Imposition-General) Amendment Bill 2008
Second Reading Speech
Mr Swan (Treasurer)I move:
That this bill be now read a second time.
The bill imposes luxury car tax to the extent that it is neither a duty of customs nor a duty of excise.
The bill also alters the applicable luxury car tax rate of 25 per cent to 33 per cent with application on and from 1 July 2008.
I commend the bill to the House.
Debate (on motion by Mr Turnbull) adjourned.