SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 100 Liability for Commonwealth and State tax equivalents

SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 100

100 Liability for Commonwealth and State tax equivalents

(1) The Treasurer may issue a manual (the
"tax equivalents manual" ) that—

(a) fixes tax equivalents to be paid by a distributor-retailer to its participating local governments, in full or in a stated part; and

(b) appoints a person to be the tax assessor under the tax equivalents manual.

(2) Without limiting subsection (1) , the tax equivalents manual may provide for all or any of the following—

(a) rulings by the tax assessor on issues about tax equivalents, including the application of rulings under a Commonwealth Act about Commonwealth tax;

(b) the lodging of returns by distributor-retailers;

(c) assessing returns;

(d) the functions of the tax assessor;

(e) objections and appeals against assessments and rulings.

(3) A distributor-retailer must, as required under the tax equivalents manual, pay tax equivalents to its participating local governments in the proportions provided for under its participation agreement.

(4) The Treasurer must table a copy of the tax equivalents manual, and each amendment of the manual, in the Legislative Assembly within 14 sitting days after the manual is issued or the amendment made.

(5) The tax equivalents manual may be made together with or form part of a tax equivalents manual issued by the Treasurer under an Act about local government.

(6) In this section—


"government tax" means tax imposed under a Commonwealth Act or a State Act.


"tax equivalents" , to be paid by a distributor-retailer to its participating local governments, means amounts representing the value of benefits the distributor-retailer derives because it is not liable to pay a government tax that it would be liable to pay if it were not a distributor-retailer.


"Treasurer" means the Minister administering the 2007 restructuring Act.