ACTS REVISION (TAXATION OF TERRITORY  (No 35 of 1998)

- TABLE OF PROVISIONS

1. Short title    
2. Commencement   
3. Amendment of Acts and Regulations  
SCHEDULE 

ACTS REVISION (TAXATION OF TERRITORY
- LONG TITLE
An Act to revise legislation of the
Territory in relation to the liability of certain Territory authorities for
taxes, fees and charges

ACTS REVISION (TAXATION OF TERRITORY
- SECT 1
Short title  
     This Act may be cited as the Acts Revision (Taxation of Territory
Authorities) Act 1998.

ACTS REVISION (TAXATION OF TERRITORY
- SECT 2
Commencement 
     This Act commences on the day on which it is notified in the
Gazette. 

ACTS REVISION (TAXATION OF TERRITORY
- SECT 3
Amendment of Acts and Regulations
(1)      The Acts specified in Part I of the Schedule are amended as set
out in that Part.
(2)      The Regulations specified in Part II of the Schedule are
amended as set out in that Part.

ACTS REVISION (TAXATION OF TERRITORY
- SCHEDULE
     SCHEDULE     Section 3
PART I--AMENDMENT OF ACTS

Cultural Facilities Corporation Act
1997
New section 30A--
     After section 30, insert the following section:
"30A.     Liability for ACT taxes etc.
     The Corporation is not exempt from liability for any tax (however
described), or any fee or charge, under a law of the
Territory.".

Financial Institutions Duty Act 1987
Paragraph 19 (1) (ca)--
     Omit "a Territory authority".

Gungahlin Development Authority Act
1996
New section 35A--
     After section 35, insert the following section:
"35A.     Liability for ACT taxes etc.
     The Authority is not exempt from liability for any tax (however
described), or any fee or charge, under a law of the
Territory.".

Hotel School Act 1996
Section 32--
     Repeal the section, substitute the following section:
"32.     Liability for ACT taxes etc.
     The School is not exempt from liability for any tax (however described),
or any fee or charge, under a law of the Territory.".

Milk Authority Act 1971
Section 21M--
     Repeal the section, substitute the following section:
"21M.     Liability for ACT taxes etc.
     The Authority is not exempt from liability for any tax (however
described), or any fee or charge, under a law of the
Territory.".

National Exhibition Centre Trust Act
1976
New section 27--
     After section 26, insert the following section in Part V:
"27.     Liability for ACT taxes etc.
     The Trust is not exempt from liability for any tax (however described), or
any fee or charge, under a law of the Territory.".

Stamp Duties and Taxes Act 1987
Schedule 1, paragraph (m)--
     Omit the paragraph, substitute the following paragraph:
     "(m)      to any of the following Territory authorities:
               (i)     the Canberra Tourism and Events Corporation;
               (ii)     the Commissioner for Housing;
               (iii)     The Trustees of the Canberra Public Cemeteries;".
PART II--AMENDMENT OF REGULATIONS

Financial Institutions Duty
Regulations
Regulation 3--
     At the end of subregulation (1), add the following paragraphs:
     "(f)     an account kept by a registered financial institution on behalf
of the Canberra Tourism and Events Corporation;
         (g)     an account kept by a registered financial institution on behalf of the
Commissioner for Housing.".

Stamp Duties and Taxes Regulations
Regulations 4 and 5--
     Repeal the regulations, substitute the following regulations:
"4.      Tax exemptions--general insurance premiums
     For the purposes of paragraph (e) of Schedule 2 to the Act, each of the
following authorities of the Territory is prescribed:
         (a)     the Canberra Tourism and Events Corporation;
         (b)     the Commissioner for Housing;
         (c)     The Trustees of the Canberra Public Cemeteries.
"5.      Tax exemptions--sale or purchase of marketable
securities
     For the purposes of paragraph (c) of Schedule 3 to the Act, each of the
following authorities of the Territory is prescribed:
         (a)     the Canberra Tourism and Events Corporation;
         (b)     the Commissioner for Housing;
         (c)     The Trustees of the Canberra Public Cemeteries.".

[Presentation speech made in Assembly on 25 June
1998]

(c)  Australian Capital Territory
2003

ACTS REVISION (TAXATION OF TERRITORY
- NOTES

AUSTRALIAN CAPITAL TERRITORY

1998
No. 35 of 1998
    
[Notified in ACT Gazette No. 41: 14 October
1998]