Commonwealth of Australia Explanatory Memoranda

[Index] [Search] [Download] [Bill] [Help]

ACIS ADMINISTRATION AMENDMENT (APPLICATION) BILL 2009

                                  2008-2009





               THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA





                          HOUSE OF REPRESENTATIVES







            ACIS ADMINISTRATION AMENDMENT (APPLICATION) BILL 2009









                           EXPLANATORY MEMORANDUM







   (Circulated by the authority of Senator the Hon Kim Carr, Minister for
                 Innovation, Industry, Science and Research)


ACIS ADMINISTRATION AMENDMENT (APPLICATION) BILL 2009

OUTLINE

The ACIS Administration Amendment (Application) Bill 2009 amends the
ACIS Administration Amendment Act 2009 (the Act) to correct an unintended
consequence arising from the Act's link to the commencement of the
Automotive Transformation Scheme Act 2009.

The ACIS Administration Amendment Act 2009 (ACIS Act) provides additional
uncapped assistance for motor vehicle producers in 2010 and equalises the
levels of assistance for vehicles sold domestically and those sold for
export.

This Bill clarifies that the commencement date for the ACIS Act is 1
January 2010.

The amendments to the ACIS Act include an application provision to make it
explicit that additional assistance to be provided to the motor vehicle
producers is limited to their production of motor vehicles, engines and
engine components from 1 January 2010. It removes any uncertainty that the
new provisions could be applied to production of motor vehicles, engines
and engine components undertaken in the final three months of 2009 for
which duty credits will be issued in the first three months of 2010.


FINANCIAL IMPACT STATEMENT

Nil.

ACIS ADMINISTRATION AMENDMENT (APPLICATION) BILL 2009

NOTES ON CLAUSES

Clause 1: Short title

   1. This clause provides for this Bill, once enacted, to be cited as the
      ACIS Administration Amendment (Application) Act 2009.


Clause 2: Commencement

2.    This clause provides that the Act commences on the date of Royal
Assent.

Clause 3: Schedule(s)

Schedule 1: Amendments

ACIS Administration Amendment Act 2009

Item 1: Commencement

3.    This item replaces the commencement date in the ACIS Administration
Amendment Act 2009 to make it explicit that the amendments to the
Automotive Competitiveness and Investment Scheme (ACIS) commence on
1 January 2010.

Item 2: Application

4.    This item provides that sections 12-16 of the ACIS Administration
Amendment Act 2009 apply to working out unmodulated production credits for
a quarter beginning on or after 1 January 2010.

[Index] [Search] [Download] [Bill] [Help]