A New Tax System (Luxury Car Tax) Act 1999

Part 4 - Miscellaneous  

Division 21 - Miscellaneous  

21-1   Commonwealth etc. not liable to pay luxury car tax  

(1)    

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The Commonwealth and * untaxable Commonwealth entities are not liable to pay luxury car tax payable under this Act. However, it is the Parliament's intention that the Commonwealth and untaxable Commonwealth entities should:

(a) be notionally liable to pay luxury car tax payable under this Act; and

(b) notionally have * luxury car tax adjustments arising under this Act.

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History

S 21-1(1) amended by No 58 of 2006, s 3 and Sch 7 items 18 and 19, by substituting " *untaxable Commonwealth entities " for " *Commonwealth entities " and substituting " untaxable Commonwealth entities " for " Commonwealth entities " (last occurring), effective 22 June 2006.

(2)    

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The * Finance Minister may give such written directions as are necessary or convenient for carrying out or giving effect to subsection (1) and, in particular, may give directions in relation to the transfer of * money within an account, or between accounts, operated by the Commonwealth or an * untaxable Commonwealth entity .

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History

S 21-1(2) amended by No 58 of 2006, s 3 and Sch 7 item 20, by substituting " an *untaxable Commonwealth entity " for " *Commonwealth entity " , effective 22 June 2006.

(3)    
Directions under subsection (2) have effect, and must be complied with, despite any other Commonwealth law.

(4)    

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(Repealed by No 58 of 2006)

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History

S 21-1(4) repealed by No 58 of 2006, s 3 and Sch 7 item 21, effective 22 June 2006. S 21-1(4) formerly read:

(4)
Commonwealth entity means:

(a) an Agency (within the meaning of the Financial Management and Accountability Act 1997 ); or

(b) a Commonwealth authority (within the meaning of the Commonwealth Authorities and Companies Act 1997 );

that cannot be made liable to taxation by a Commonwealth law.

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