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This is a Bill, not an Act. For current law, see the Acts databases.
TASMANIA
__________
REVENUE MEASURES BILL 2012
__________
CONTENTS
PART 1 - PRELIMINARY
1. Short title
2. Commencement
PART 2 - DUTIES ACT 2001 AMENDED
3. Principal Act
4. Section 29 amended (General rate)
5. Section 166 amended (What duty is payable?)
6. Section 221 amended (Motor accident premium certificates)
7. Section 259E inserted
259E. Transitional provisions consequent on the enactment
of Part 2 of the Revenue Measures Act 2012
PART 3 - VEHICLE AND TRAFFIC ACT 1999 AMENDED
8. Principal Act
9. Section 34 amended (Imposition of motor tax for light vehicles)
10. Schedule 1 substituted
SCHEDULE 1 - RATES OF MOTOR TAX FOR LIGHT
VEHICLES
PART 4 - REPEAL
11. Repeal of Act
[Bill 26]-I
2
REVENUE MEASURES BILL 2012
This Public Bill originated in the House of Assembly, and, having this day passed, is
now ready for presentation to the Legislative Council for its concurrence.
P. R. ALCOCK, Clerk of the House
21 June 2012
(Brought in by the Treasurer, the Honourable Larissa Tahireh
Giddings)
A BILL FOR
An Act to amend the Duties Act 2001 and the Vehicle and
Traffic Act 1999
Be it enacted by His Excellency the Governor of Tasmania, by
and with the advice and consent of the Legislative Council and
House of Assembly, in Parliament assembled, as follows:
PART 1 - PRELIMINARY
1. Short title
This Act may be cited as the Revenue Measures
Act 2012.
2. Commencement
This Act commences on 1 October 2012.
[Bill 26] 3
Revenue Measures Act 2012
Act No. of
s. 3 Part 2 - Duties Act 2001 Amended
PART 2 - DUTIES ACT 2001 AMENDED
3. Principal Act
In this Part, the Duties Act 2001* is referred to
as the Principal Act.
4. Section 29 amended (General rate)
Section 29 of the Principal Act is amended by
omitting subsection (1) and substituting the
following subsection:
(1) The rate of duty chargeable on a dutiable
transaction is as follows:
The dutiable value of the dutiable Rate of duty
property subject to the dutiable
transaction
Not more than $1 300 $20
More than $1 300 but not more than $20 plus $1.75 for every $100, or
$25 000 part, by which the dutiable value
exceeds $1 300
More than $25 000 but not more than $435 plus $2.25 for every $100, or
$75 000 part, by which the dutiable value
exceeds $25 000
More than $75 000 but not more than $1 560 plus $3.50 for every $100, or
$200 000 part, by which the dutiable value
exceeds $75 000
*No. 15 of 2001
4
Revenue Measures Act 2012
Act No. of
Part 2 - Duties Act 2001 Amended s. 5
More than $200 000 but not more than $5 935 plus $4 for every $100, or
$375 000 part, by which the dutiable value
exceeds $200 000
More than $375 000 but not more than $12 935 plus $4.25 for every $100,
$725 000 or part, by which the dutiable value
exceeds $375 000
More than $725 000 $27 810 plus $4.50 for every $100,
or part, by which the dutiable value
exceeds $725 000
5. Section 166 amended (What duty is payable?)
Section 166 of the Principal Act is amended by
omitting "8%" and substituting "10%".
6. Section 221 amended (Motor accident premium
certificates)
Section 221(3) of the Principal Act is amended
by omitting "$6" and substituting "$20".
7. Section 259E inserted
After section 259D of the Principal Act, the
following section is inserted in Part 3:
259E. Transitional provisions consequent on the
enactment of Part 2 of the Revenue Measures
Act 2012
(1) If one or more transactions which were
liable for duty prior to 1 October 2012
5
Revenue Measures Act 2012
Act No. of
s. 7 Part 2 - Duties Act 2001 Amended
are to be aggregated with one or more
transactions which are liable for duty on
or after 1 October 2012 in accordance
with section 22 or under section 71, the
duty chargeable on the transaction or
transactions liable for duty on or after
1 October 2012 is to be calculated in
accordance with the following formula:
where -
DP is the duty payable;
B is the duty calculated on the dutiable
value of the aggregated
transactions in accordance with
the general rate of duty that was
in effect on 1 October 2012;
A is the duty calculated on the dutiable
value of the aggregated
transactions in accordance with
the general rate of duty that was
in effect on 30 September 2012;
D is the dutiable value of the
aggregated transaction or
transactions that are liable for
duty on or after 1 October 2012;
T is the total dutiable value of the
aggregated transactions.
6
Revenue Measures Act 2012
Act No. of
Part 2 - Duties Act 2001 Amended s. 7
(2) For the purposes of sections 22(4) and
71(3), the duty payable in accordance
with section 22 or under section 71 is
taken to be the duty chargeable in
accordance with this section.
7
Revenue Measures Act 2012
Act No. of
s. 8 Part 3 - Vehicle and Traffic Act 1999 Amended
PART 3 - VEHICLE AND TRAFFIC ACT 1999
AMENDED
8. Principal Act
In this Part, the Vehicle and Traffic Act 1999* is
referred to as the Principal Act.
9. Section 34 amended (Imposition of motor tax for
light vehicles)
Section 34(4) of the Principal Act is amended by
omitting "2007" and substituting "2012".
10. Schedule 1 substituted
Schedule 1 to the Principal Act is repealed and
the following Schedule is substituted:
SCHEDULE 1 - RATES OF MOTOR TAX FOR LIGHT
VEHICLES
Section 34
PART 1 - CLASS A LIGHT VEHICLES
Type of Vehicle Tax payable $
1. A motor vehicle propelled by a piston engine 102
with 3 or fewer cylinders
2. A motor vehicle propelled by a piston engine 119
with 4 cylinders
*No. 70 of 1999
8
Revenue Measures Act 2012
Act No. of
Part 3 - Vehicle and Traffic Act 1999 Amended s. 10
3. A motor vehicle propelled by a piston engine 149
with 5 or 6 cylinders
4. A motor vehicle propelled by a piston engine 204
with 7 or 8 cylinders
5. A motor vehicle propelled by a piston engine 229
with more than 8 cylinders
6. A motor vehicle propelled by a rotary engine or 119
an electric motor
PART 2 - OTHER LIGHT VEHICLES
Type of Vehicle Tax payable $
1. A truck with a GVM of 3.0 tonnes or more -
(a) propelled by a piston engine with 4 or 229
fewer cylinders
(b) propelled by a piston engine with 5 or 266
6 cylinders
(c) propelled by a piston engine with 7 or 305
8 cylinders
(d) propelled by a piston engine with 343
more than 8 cylinders
(e) propelled by a rotary engine or an 229
electric motor
2. A bus with 10 adult seats including the driver's 151
seat
3. A bus with more than 10 adult seats including 266
the driver's seat
4. A motor cycle 17
5. A trailer with a GVM of 4.5 tonnes or less 22
9
Revenue Measures Act 2012
Act No. of
s. 10 Part 3 - Vehicle and Traffic Act 1999 Amended
6. A tractor 114
10
Revenue Measures Act 2012
Act No. of
Part 4 - Repeal s. 11
PART 4 - REPEAL
11. Repeal of Act
This Act is repealed on the ninetieth day from
the day on which it commences.
Government Printer, Tasmania 11