House of Representatives
Indirect Tax Laws Amendment (Assessment) Bill 2012
Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Index
Schedule 1: Assessment of amounts under indirect tax laws
| Bill reference | Paragraph number |
|---|---|
| Item 1, Subdivision 155-B in Schedule 1 to the TAA 1953 | 1.63 |
| Item 1, section 155-1 in Schedule 1 to the TAA 1953 | 1.36 |
| Item 1, section 155-5 in Schedule 1 to the TAA 1953 | 1.59 |
| Item 1, subsection 155-5(1) in Schedule 1 to the TAA 1953 | 1.41 |
| Item 1, subsection 155-5(2) in Schedule 1 to the TAA 1953 | 1.42, 1.43 |
| Item 1, subsection 155-10(1) in Schedule 1 to the TAA 1953 | 1.47 |
| Item 1, subsection 155-10(2) in Schedule 1 to the TAA 1953 | 1.50 |
| Item 1, subsections 155-15(1) and (2) in Schedule 1 to the TAA 1953 | 1.49 |
| Item 1, subsections 155-15(3) and (4) in Schedule 1 to the TAA 1953 | 1.51 |
| Item 1, subsections 155-15(5) and 155-20(5) in Schedule 1 to the TAA 1953 | 1.61 |
| Item 1, subsections 155-20(1) and (2) in Schedule 1 to the TAA 1953 | 1.52 |
| Item 1, subsection 155-20(3) in Schedule 1 to the TAA 1953 | 1.53 |
| Item 1, subsection 155-20(4) in Schedule 1 to the TAA 1953 | 1.54 |
| Item 1, section 155-25 in Schedule 1 to the TAA 1953 | 1.44 |
| Item 1, subsection 155-30(1) in Schedule 1 to the TAA 1953 | 1.56 |
| Item 1, subsection 155-30(2) in Schedule 1 to the TAA 1953; items 193, 195 to 199, paragraphs 14ZW(1)(bf) and 14ZW(1B)(b), subsections 14ZY(2) and 14ZYA(1) and note 1 in subsection 14ZYB(1) of the TAA 1953 | 1.57 |
| Item 1, subsection 155-35(1) in Schedule 1 to the TAA 1953 | 1.71 |
| Item 1, subsection 155-35(1) and sections 155-65 and 155-70 in Schedule 1 to the TAA 1953 | 1.62 |
| Item 1, subsection 155-35(2) in Schedule 1 to the TAA 1953 | 1.64 |
| Item 1, subsection 155-35(3) in Schedule 1 to the TAA 1953 | 1.66 |
| Item 1, subsections 155-35(3) and (4) in Schedule 1 to the TAA 1953 | 1.65 |
| Item 1, subsection 155-35(4) in Schedule 1 to the TAA 1953 | 1.68 |
| Item 1, subsection 155-35(5) in Schedule 1 to the TAA 1953 | 1.70 |
| Item 1, subsection 155-40(1) in Schedule 1 to the TAA 1953 | 1.73 |
| Item 1, subsection 155-40(2) in Schedule 1 to the TAA 1953 | 1.74 |
| Item 1, note in section 155-45 in Schedule 1 to the TAA 1953 | 1.75 |
| Item 1, section 155-45 in Schedule 1 to the TAA 1953 | 1.76 |
| Item 1, section 155-50 in Schedule 1 to the TAA 1953 | 1.78 |
| Item 1, section 155-55 in Schedule 1 to the TAA 1953 | 1.80 |
| Item 1, paragraph 155-60(a) in Schedule 1 to the TAA 1953 | 1.80 |
| Item 1, paragraph 155-60(b) in Schedule 1 to the TAA 1953 | 1.80 |
| Item 1, paragraph 155-60(c) in Schedule 1 to the TAA 1953 | 1.80 |
| Item 1, section 155-65 in Schedule 1 to the TAA 1953 | 1.82 |
| Item 1, subsection 155-70(1) in Schedule 1 to the TAA 1953 | 1.83 |
| Item 1, paragraph 155-70(2)(a) in Schedule 1 to the TAA 1953 | 1.85 |
| Item 1, paragraph 155-70(2)(b) in Schedule 1 to the TAA 1953 | 1.87 |
| Item 1, paragraph 155-70(2)(c) in Schedule 1 to the TAA 1953 | 1.88 |
| Item 1, section 155-75 in Schedule 1 to the TAA 1953 | 1.90 |
| Item 1, section 155-80 in Schedule 1 to the TAA 1953 | 1.91 |
| Item 1, section 155-85 in Schedule 1 to the TAA 1953 | 1.92 |
| Item 1, section 155-90 in Schedule 1 to the TAA 1953 | 1.89, 1.94 |
| Item 1, section 155-95 in Schedule 1 to the TAA 1953 | 1.98 |
| Item 2, Division 350 in Schedule 1 to the TAA 1953 | 1.38 |
| Items 2 and 207, sections 350-1 and 350-5, repeal of Subdivision 105-E in Schedule 1 to the TAA 1953 | 1.99 |
| Item 2, subsections 350-10(1)and (2) in Schedule 1 to the TAA 1953 | 1.100 |
| Item 2, subsection 350-10(3) in Schedule 1 to the TAA 1953 | 1.101 |
| Item 2, subsection 350-10(4) in Schedule 1 to the TAA 1953 | 1.102 |
| Item 2, section 350-15 in Schedule 1 to the TAA 1953 | 1.103 |
| Item 3, section 195-1 of the GST Act | 1.105 |
| Item 4, section 195-1 of the GST Act | 1.105 |
| Item 5, definition of 'assessment' in section 195-1 of the GST Act; item 7, definition of 'assessment' in section 27-1 of the LCT Act; item 9, definition of 'assessment' in section 33-1 of the WET Act; items 10 to 15, definitions of 'assessed GST', 'assessed luxury car tax', 'assessed wine tax', 'taxable dealing', 'taxable importation' and 'taxable importation of a luxury car' in subsection 4(1) of the Customs Act 1901 ; item 17, definition of 'assessment' in section 110-5 of the Fuel Tax Act; items 18 to 21 and 23 to 28, definitions of 'assessable amount', 'assessed GST', 'assessed net amount', 'assessed net fuel amount', 'customs dealing', 'fuel tax return', 'import declaration', 'import declaration advice', 'period of review' and 'self-assessed clearance declaration advice' in subsection 995-1(1) of the ITAA 1997; item 29, definition of 'objection decision' in subsection 2(1) of the TAA 1953 | 1.156 |
| Item 6, section 27-1 of the LCT Act | 1.105 |
| Item 8, section 33-1 of the WET Act | 1.105 |
| Item 16, section 110-5 of the Fuel Tax Act | 1.105 |
| Item 22, definition of 'assessment' in subsection 995-1(1) of the ITAA 1997 | 1.45 |
| Item 30, paragraph (e) of Schedule 1 to the Administrative Decisions (Judicial Review) Act 1977 | 1.93 |
| Items 31, 33 and 48, section 2-30, note 1 in section 7-15 and note 1A in section 33-1 of the GST Act; items 131 and 136, section 2-25 and note 1A in paragraph 13-20(1)(b) of the LCT Act; items 144, 145 and 149, section 2-33, subsection 19-25(5) and note 1A in paragraph 23-5(1)(b) of the WET Act; item 172, note in section 61-1 of the Fuel Tax Act | 1.150 |
| Items 32 and 47, sections 7-15 and 33-1 of the GST Act; items 171 and 173, sections 61-1 and 61-10 of the Fuel Tax Act; item 259, repeal of sections 105-50 and 105-55 in Schedule 1 to the TAA 1953 | 1.114 |
| Items 34, 35 and 44, section 17-1 and note in subsection 29-70(1B) of the GST Act; item 170, section 60-1 of the Fuel Tax Act; items 190 and 192, subsection 8AAZLG(2) and definition of 'objection decision' in section 14ZQ of the TAA 1953; items 200, 201, 208, 210, 211 and 220, sections 105-1, 110-50, 111-50 and 112-50 and item 36 in the table in subsection 250-10(2) in Schedule 1 to the TAA 1953 | 1.158 |
| Item 36, section 23-20 of the GST Act | 1.108 |
| Item 37, subsection 25-10(1A) of the GST Act | 1.107 |
| Item 38, section 27-1 of the GST Act | 1.152 |
| Items 39, 42 and 43, sections 29-1 and 29-15 of the GST Act | 1.151 |
| Item 40, subsection 29-10(4) of the GST Act; item 176, subsection 65-5(4) of the Fuel Tax Act | 1.153 |
| Items 41, 91 and 129, notes in subsections 29-10(4) and 133-5(1) and note at the end of the definition of 'creditable acquisition' in section 195-1 of the GST Act | 1.157 |
| Item 45, subsection 31-20(1) of the GST Act; item 174, subsection 61-15(2A) of the Fuel Tax Act | 1.110 |
| Item 46, section 31-30 of the GST Act; item 175, section 61-17 of the Fuel Tax Act | 1.111 |
| Items 49 to 64, sections 33-3, 33-5, 33-10 and 33-15 of the GST Act; item 173, section 61-10 of the Fuel Tax Act | 1.115 |
| Items 65, 66, 68 and 69, subsection 35-5(1) and sections 35-10 and 35-99 of the GST Act; item 173, subsection 61-5(1) and section 61-7 of the Fuel Tax Act | 1.116 |
| Item 67, subsection 35-5(2) of the GST Act; item 173, subsection 61-5(2) of the Fuel Tax Act | 1.117 |
| Items 70 to 73, sections 51-55 and 51-60 of the GST Act | 1.151 |
| Items 74 to 77, sections 54-60 and 54-65 of the GST Act | 1.151 |
| Items 78 and 79, subparagraph 60-15(1)(e)(i) and paragraph 60 30(1)(a) of the GST Act | 1.151 |
| Item 80, subsection 78-90(1) of the GST Act | 1.151 |
| Item 81, sections 93-1 and 93-5 of the GST Act | 1.124 |
| Item 82, section 93-10 of the GST Act; item 169, section 47-10 of the Fuel Tax Act | 1.128 |
| Item 82, subsection 93-10(4) of the GST Act | 1.129, 1.131 |
| Item 82, paragraphs 93-10(4)(a) and (b) of the GST Act | 1.132 |
| Item 82, paragraph 93-10(4)(c) of the GST Act | 1.133 |
| Item 82, paragraph 93-10(4)(d) of the GST Act | 1.134 |
| Item 82, subsection 93-10(5) of the GST Act; item 169, subsection 47-10(4) of the Fuel Tax Act | 1.138 |
| Items 83 and 84, section 93-15 of the GST Act | 1.139 |
| Item 85, subsection 105-20(1) of the GST Act | 1.151 |
| Items 86 and 87, sections 114-15 and 114-20 of the GST Act | 1.151 |
| Items 88 to 90, section 117-15 of the GST Act | 1.151 |
| Items 92 and 93, paragraph (c) of the definition of 'applicable value' in subsections 138-5(2) and 139-5(2) of the GST Act | 1.151 |
| Items 94 to 100, sections 151-50 and 151-60 of the GST Act | 1.151 |
| Items 101 to 114, sections 162-5, 162-90, 162-95, 162-110, 162-145, 162-190 and 162-200 of the GST Act | 1.151 |
| Items 115 to 122, sections 165-40, 165-45 and 165-50 of the GST Act; items 209 and 212, item 61 in the table in subsection 110-50(2) and item 1 in the table in subsection 112-50(2) in Schedule 1 to the TAA 1953 | 1.155 |
| Items 115 to 122, sections 165-40, 165-45 and 165-50 of the GST Act; items 179 to 185, sections 75-1, 75-40, 75-45 and 75-50 of the Fuel Tax Act | 1.154 |
| Items 123 to 128, sections 171-1 and 171-5 of the GST Act | 1.151 |
| Items 130, 132 to 135 and 137 to 142, subsection 2-10(1), heading in Subdivision 13-B and sections 13-20 and 13-25 of the LCT Act | 1.151 |
| Items 143, 146 to 148, 150 and 151, sections 2-20, 23-1 and 23-5 of the WET Act | 1.151 |
| Items 152 to 165, subsections 71AAAL(3) and (7), paragraphs 71C(4)(b) and (7)(a), note in subsection 105D(3), subsections 162(1) and 162A(2) of the Customs Act 1901 | 1.151 |
| Item 166, section 44-1 of the Fuel Tax Act | 1.151 |
| Items 167 and 168, sections 47-1 and 47-5 of the Fuel Tax Act | 1.125 |
| Items 177 and 178, section 70-30 of the Fuel Tax Act | 1.151 |
| Items 186 and 187, section 27-15 of the ITAA 1997 | 1.151 |
| Items 188 and 189, subsection 15(2A) and definition of 'net fuel amount' in subsection 15(4) of the Product Grants and Benefits Administration Act 2000 | 1.151 |
| Item 191, subsection 8AAZMA(1) of the TAA 1953; items 202 to 206, 214 to 219, 221 and 222, subsections 105-65(2) and 105-80(2), items 5, 10, 12, 12A, 12B, 15, 20 and 36 in the table in subsection 250-10(2) and paragraphs 288-20(a) and 357-55(i) and (j) in Schedule 1 to the TAA 1953 | 1.151 |
| Item 193, paragraph 14ZW(1)(bg) of the TAA 1953 | 1.58, 1.95 |
| Item 194, subsection 14ZW(1AAC) of the TAA 1953 | 1.97 |
| Item 195, paragraph 14ZW(1B)(b) of the TAA 1953 | 1.96 |
| Item 213, Chapter 4 in Schedule 1 to the TAA 1953 | 1.149 |
| Item 223, paragraph 382-5(1)(b) in Schedule 1 to the TAA 1953 | 1.104 |
| Items 224 to 226, notes in subsections 93-10(1) to (3) of the GST Act; items 227 to 230, notes in subsections 47-10(1) to (3) of the Fuel Tax Act | 1.143 |
| Items 231 and 232, section 14ZW of the TAA 1953 | 1.143 |
| Items 233 to 238 and 240, sections 105-3, 105-40, 105-50, 105-55, item 61 in the table in subsection 110-50(2), item 1 in the table in subsection 112-50(2) and item 2 in the table in subsection 350-10(1) in Schedule 1 to the TAA 1953 | 1.143 |
| Items 235 and 236, paragraphs 105-50(4)(a) and 105-55(6)(a) in Schedule 1 to the TAA 1953 | 1.118 |
| Items 235 and 236, paragraphs 105-50(4)(b) and 105-55(6)(b) in Schedule 1 to the TAA 1953 | 1.119 |
| Items 239 and 264 | 1.141 |
| Item 241 | 1.144 |
| Items 242 to 245, subsection 17-20(2), paragraph 17-20(2A)(b), sections 93-1 and 93-10 of the GST Act | 1.145 |
| Item 246, section 15IA of the A New Tax System (Goods and Services Tax Transition) Act 1999 | 1.145 |
| Items 247 to 253, sections 47-1, 47-10 and 60-10 of the Fuel Tax Act | 1.145 |
| Item 254, definition of 'reviewable indirect tax decision' in subsection 995-1(1) of the ITAA 1997 | 1.145 |
| Items 255 and 256, section 14ZW of the TAA 1953; items 257 to 263, section 105-1, Subdivisions 105-A and 105-B, sections 105-50 and 105-55, item 61 in the table in subsection 110-50(2), item 1 in the table in subsection 112-50(2), item 2 in the table in subsection 350-10(1) and subsection 350-10(2) in Schedule 1 to the TAA 1953 | 1.145 |
| Item 264 | 1.146 |
Schedule 2: Correcting errors in working out amounts under indirect tax laws
| Bill reference | Paragraph number |
|---|---|
| Item 1, subsection 17-20(2A) of the GST Act | 2.8 |
| Item 1, subsection 17-20(2) of the GST Act; item 3, subsections 60 10(2) and (3) of the Fuel Tax Act | 2.10 |
| Item 2, definition of 'period of review' in section 195-1 of the GST Act; item 4, definition of 'period of review' in section 110-5 of the Fuel Tax Act | 2.13 |
| Item 3, section 60-10 of the Fuel Tax Act | 2.9 |
Schedule 3: Net amounts
| Bill reference | Paragraph number |
|---|---|
| Items 1, 4 and 5, subsections 17-5(2), 123-15(1A) and 126-5(2) of the GST Act | 3.11 |
| Items 2 and 6, subsection 123-15(1) and paragraph 162-105(a) of the GST Act | 3.14 |
| Item 3, subsection 123-15(1) of the GST Act | 3.16 |
| Item 7, section 195-1 of the GST Act | 3.13 |
| Items 8 and 9, section 13-5 of the LCT Act | 3.18 |
| Items 10 and 11, section 21-5 of the WET Act | 3.18 |
| Items 12 and 13, section 21-15 of the WET Act | 3.18 |
Schedule 4: Minor amendments
| Bill reference | Paragraph number |
|---|---|
| Item 1, subparagraphs 38-185(3)(f)(ii) and 38-185(4)(f)(ii); item 2, note in section 48-1; item 3, note in section 51-1; item 7, section 165-1; item 8, paragraph 177-12(4)(c); item 9, definition of 'local entry' in section 195-1; item 11, definition of 'wine tax' in section 195-1; item 13, definition of 'wine tax law' in section 195-1 | Table 4.1 |
| Item 4, heading in section 149-15 | Table 4.1 |
| Item 5, section 149-15 | Table 4.1 |
| Item 6, subsection 162-5(4) | Table 4.1 |
| Item 10, definition of 'tax period' in section 195-1 | Table 4.1 |
| Item 12, section 195-1 | Table 4.1 |
| Item 14, subsection 43-10(7) | Table 4.2 |
| Item 15, paragraphs 47-10(1)(b) and (3)(b) | Table 4.2 |
| Item 16 | Table 4.2 |
| Item 17, subsection 995-1(1) | Table 4.3 |
| Item 18, subsection 995-1(1) | Table 4.3 |
| Item 19, subsection 250-10(2) in Schedule 1 (after item 12 in the table) | Table 4.4 |
| Items 20 to 24, subsection 255-5(2) in Schedule 1 and paragraphs 255-45(1)(b), 355-30(2)(a), 355-55(1)(c), 355-70(1)(c) and 357-100(b) in Schedule 1 | Table 4.4 |
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