Commonwealth Numbered Acts

ACIS ADMINISTRATION AMENDMENT ACT 2009 (NO. 94, 2009) - SCHEDULE 1

ACIS Administration Act 1999

1  Subsection 4(1A)

Omit "3 stages", substitute "2 stages".

2  Paragraph 4(1A)(b)

Omit "2010; and", substitute "2010.".

3  Paragraph 4(1A)(c)

Repeal the paragraph.

4  Paragraph 4(2)(b)

Omit "$2,000,000,000;", substitute "$2,000,000,000.".

5  Paragraph 4(2)(c)

Repeal the paragraph.

6  Subsection 4(2A)

Omit "ACIS Stages 2 and 3", substitute "ACIS Stage 2".

7  Subsection 6(1) (definition of ACIS Stage )

Omit "ACIS Stage 1, ACIS Stage 2 or ACIS Stage 3", substitute "ACIS Stage 1 or ACIS Stage 2".

8  Subsection 6(1) (definition of ACIS Stage 3 )

Repeal the definition.

9  Subsection 6(1) (definition of ACIS year )

Omit "1 January 2016", substitute "1 January 2011".

10  Subsection 6(1) (paragraph (b) of the definition of final quarter )

Omit "2010; and", substitute "2010.".

11  Subsection 6(1) (paragraph (c) of the definition of final quarter )

Repeal the paragraph.

12  Subsection 42(1) (formula)

Repeal the formula, substitute:

13  Subsection 42(1) (definition of B )

Repeal the definition, substitute:

"B" is 7.5%.

14  Subsection 42(1)

Insert:

"C" is the production value of MVP production by that MVP in the quarter concerned (other than passenger motor vehicles, and specified load-carrying vehicles, that are sold in the Australian or New Zealand markets).

15  Subsection 42(2) (formula)

Repeal the formula, substitute:

16  Subsection 42(2) (definition of C )

Repeal the definition, substitute:

"C" has the meaning provided in subsection (1).

17  Subsection 53(1) (table item 3)

Repeal the item.

18  Subsection 53(2)

Omit "ACIS Stages 2 and 3", substitute "ACIS Stage 2".

Note:       The heading to subsection 53(2) is altered by omitting " and 3 caps " and substituting " cap ".

19  Subsection 62(3)

Omit "3 parts", substitute "2 parts".

ACIS Administration Amendment Act 2003

20  Item 88 of Schedule 1

Omit "and ACIS Stage 3".

21  Paragraph 91(a) of Schedule 1

Omit "or ACIS Stage 3".

[ Minister's second reading speech made in--

House of Representatives on 24 June 2009

Senate on 7 September 2009 ]