ACIS Administration Amendment Act 2009

(94 of 2009)

An Act to amend the ACIS Administration Act 1999, and for related purposes

[Assented to 29 September 2009]

The Parliament of Australia enacts:

1   Short title

This Act may be cited as theACIS Administration Amendment Act 2009.

2   Commencement

 

(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

29 September 2009

2. Schedule 1

At the same time as section 3 of theAutomotive Transformation Scheme Act 2009 commences.

1 July 2010

Note: This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

      

(2) Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1   Amendments

ACIS Administration Act 1999

1   Subsection 4(1A)

Omit "3 stages", substitute "2 stages".

2   Paragraph 4(1A)(b)

Omit "2010; and", substitute "2010.".

3   Paragraph 4(1A)(c)

Repeal the paragraph.

4   Paragraph 4(2)(b)

Omit "$2,000,000,000;", substitute "$2,000,000,000.".

5   Paragraph 4(2)(c)

Repeal the paragraph.

6   Subsection 4(2A)

Omit "ACIS Stages 2 and 3", substitute "ACIS Stage 2".

7   Subsection 6(1) (definition of ACIS Stage )

Omit "ACIS Stage 1, ACIS Stage 2 or ACIS Stage 3", substitute "ACIS Stage 1 or ACIS Stage 2".

8   Subsection 6(1) (definition of ACIS Stage 3 )

Repeal the definition.

9   Subsection 6(1) (definition of ACIS year )

Omit "1 January 2016", substitute "1 January 2011".

10   Subsection 6(1) (paragraph (b) of the definition of final quarter )

Omit "2010; and", substitute "2010.".

11   Subsection 6(1) (paragraph (c) of the definition of final quarter )

Repeal the paragraph.

12   Subsection 42(1) (formula)

Repeal the formula, substitute:

(A x B x 15%) + (C x B x 15%)

13   Subsection 42(1) (definition of B )

Repeal the definition, substitute:

B is 7.5%.

14   Subsection 42(1)

Insert:

C is the production value of MVP production by that MVP in the quarter concerned (other than passenger motor vehicles, and specified load-carrying vehicles, that are sold in the Australian or New Zealand markets).

15   Subsection 42(2) (formula)

Repeal the formula, substitute:

[(A x B x 10%) + (C x B x 10%)] - CA

16   Subsection 42(2) (definition of C )

Repeal the definition, substitute:

C has the meaning provided in subsection (1).

17   Subsection 53(1) (table item 3)

Repeal the item.

18   Subsection 53(2)

Omit "ACIS Stages 2 and 3", substitute "ACIS Stage 2".

Note: The heading to subsection 53(2) is altered by omitting "and 3 caps" and substituting "cap".

19   Subsection 62(3)

Omit "3 parts", substitute "2 parts".

ACIS Administration Amendment Act 2003

20   Item 88 of Schedule 1

Omit "and ACIS Stage 3".

21   Paragraph 91(a) of Schedule 1

Omit "or ACIS Stage 3".