House of Representatives
A New Tax System (Luxury Car Tax Imposition - General) Bill 1999
Second Reading Speech
BY THE TREASURER THE HON PETER COSTELLO MPI move that the Bill now be read a second time.
This bill will impose luxury car tax, to the extent that it is neither a duty of excise nor a duty of customs, at the rate of 25 per cent.
Full details of the measures in the bill are contained in the explanatory memorandum circulated to honourable members.
I present the explanatory memorandum, and I commend the bill to the House.
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