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EXCISE (COMPLIANCE IMPROVEMENT) REGULATION'S 2000 2000 NO. 367EXPLANATORY STATEMENT
STATUTORY RULES 2000 No. 367
Issued by the Authority of the Assistant Treasurer
Excise Amendment (Compliance Improvement) Act 2000
Excise (Compliance Improvement) Regulation's 2000
Section 4 of the Excise Amendment (Compliance Improvement) Act 2000 (the Compliance Improvement Act) provides that the Governor-General may make regulations prescribing matters required to give effect to the Compliance Improvement Act.
The Compliance Improvement Act introduced legislation to strengthen the provisions that regulate the production, dealing, manufacturing and storage of tobacco, in particular, and excisable goods in general. The measures are designed to provide a statutory framework within which the Australian Taxation Office can combat the illicit trade in tobacco. The Act provides for a comprehensive licensing scheme for the production of, and dealing in, tobacco and for the manufacturing and storage of excisable goods generally.
The purpose of the regulations is to require holders of licences under the transitional arrangements of the Compliance Improvement Act to provide the information that would be required if they were to make a new application under the new licensing provisions of the Excise Act 1901.
Such information relates to matters which are required to be considered in determining whether an application for a licence should be approved.
The regulations commenced on gazettal.