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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Debits Tax Bill 2001
CONTENTS
1. Short title 1
2. Commencement 2
3. Relationship with other Acts 2
4. Meaning of terms 2
5. Rates of tax 2
page i
85--1
Western Australia
LEGISLATIVE ASSEMBLY
Debits Tax Bill 2001
A Bill for
An Act to impose a tax on certain debits made to accounts kept with
financial institutions.
The Parliament of Western Australia enacts as follows:
1. Short title
This Act may be cited as the Debits Tax Act 2001.
page 1
Debits Tax Bill 2001
s. 2
2. Commencement
This Act comes into operation on the day on which the Taxation
Administration Act 2001 comes into operation.
3. Relationship with other Acts
5 The Taxation Administration Act 2001 and the Debits Tax
Assessment Act 2001 are to be read with this Act as if they
formed a single Act.
4. Meaning of terms
The Glossaries at the end of the Debits Tax Assessment
10 Act 2001 and the Taxation Administration Act 2001 define or
affect the meaning of some of the words and expressions used in
this Act and also affect the operation of other provisions.
5. Rates of tax
Debits tax is imposed at the rates shown in the table to this
15 subsection according to the amount of the debit.
Debits tax rates
Amount of debit Amount of
debits tax
less than $1............................................ nil
$1 -- $99.99.......................................... $0.30
$100 -- $499.99 .................................... $0.70
$500 -- $4 999.99 ................................. $1.50
$5 000 -- $9 999.99 .............................. $3.00
$10 000 or more..................................... $4.00
page 2
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