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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Taxation Administration (Consequential
Provisions) (Taxing) Bill 2001
CONTENTS
Part 1 -- Preliminary
1. Short title 2
2. Commencement 2
3. Relationship with other Acts 2
4. Meaning of terms used in this Act 2
Part 2 -- Metropolitan Region
Improvement Tax Act 1959
amended
5. The Act amended 3
6. Section 7 amended 3
7. Section 8 inserted 3
Part 3 -- Stamp Act 1921 amended
8. The Act amended 4
9. Section 112P amended 4
10 . Second Schedule amended 5
page i
88--1
Western Australia
LEGISLATIVE ASSEMBLY
Taxation Administration (Consequential
Provisions) (Taxing) Bill 2001
A Bill for
An Act to amend the Metropolitan Region Improvement Tax Act 1959
and the Stamp Act 1921 as a consequence of the enactment of the
Taxation Administration Act 2001 and for related purposes.
The Parliament of Western Australia enacts as follows:
page 1
Taxation Administration (Consequential Provisions) (Taxing) Bill 2001
Part 1 Preliminary
s. 1
Part 1 -- Preliminary
1. Short title
This Act may be cited as the Taxation Administration
(Consequential Provisions) (Taxing) Act 2001.
5 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
The Taxation Administration Act 2001 is to be read with this
10 Act as if they formed a single Act.
4. Meaning of terms used in this Act
The Glossary at the end of the Taxation Administration
Act 2001 defines or affects the meaning of some of the words
and expressions used in this Act and also affects the operation
15 of other provisions.
page 2
Taxation Administration (Consequential Provisions) (Taxing) Bill 2001
Metropolitan Region Improvement Tax Act 1959 amended Part 2
s. 5
Part 2 -- Metropolitan Region Improvement Tax
Act 1959 amended
5. The Act amended
The amendments in this Part are to the Metropolitan Region
5 Improvement Tax Act 1959*.
[* Reprinted as at 29 April 1980.
For subsequent amendments see 2000 Index to Legislation of
Western Australia, Table 1, p. 279-80.]
6. Section 7 amended
10 Section 7 is amended by inserting after "thereafter" --
"
up to and including the year of assessment ending on
30 June 2001
".
15 7. Section 8 inserted
After section 7 the following section is inserted --
"
8. Rate of tax imposed after 30 June 2002
For the year of assessment commencing on
20 1 July 2002, and for each subsequent year of
assessment, the rate of tax referred to in section 2 and
imposed and payable as provided in that section is
0.15 cent for every dollar of the unimproved value of
the land according to the valuation in force under the
25 Valuation of Land Act 1978 at midnight on 30 June in
the previous financial year.
".
page 3
Taxation Administration (Consequential Provisions) (Taxing) Bill 2001
Part 3 Stamp Act 1921 amended
s. 8
Part 3 -- Stamp Act 1921 amended
8. The Act amended
The amendments in this Part are to the Stamp Act 1921*.
[* Reprinted as at 3 August 2001.]
5 9. Section 112P amended
After section 112P(2) the following subsection is inserted --
"
(3) A dutiable statement prepared under subsection (1) is
taken to be an instrument evidencing the transaction or
10 offer and is chargeable with duty --
(a) at the rate of 1.8% of the amount that is or will
be payable for the use of the goods; or
(b) where that amount is not capable of being
determined, of an amount of --
15 (i) $20; and
(ii) on 31 August in each year further duty
of an amount equal to 1.8% of the
amount paid in respect of the use of the
goods during the year ending on the
20 preceding 30 June.
".
page 4
Taxation Administration (Consequential Provisions) (Taxing) Bill 2001
Stamp Act 1921 amended Part 3
s. 10
10. Second Schedule amended
(1) Item 4A in the Second Schedule is deleted and the following
item is inserted instead --
"
4A. CONVEYANCE OR
TRANSFER OF
UNLISTED WA
SECURITY
Conveyance or transfer of
an unlisted WA security ....... 0.60 for every The transferee,
$100 and every or in the case of an
fractional part of overseas transfer,
$100 of the the issuer (s. 104)
amount or value of
the consideration
5 ".
(2) Item 6 in the Second Schedule is amended by deleting "$20.00
or the same duty as for item 4 or 4A, as the case requires, if less
than $20.00" and inserting instead --
"
The lesser of --
(a) $20; and
(b) the duty that
would be
payable under
item 4 or 4A
(as the case
may be) if the
conveyance or
transfer was
chargeable
with duty
under that item
10 ".
page 5
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