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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
