Western Australian Bills

[Index] [Search] [Download] [Related Items] [Help]


This is a Bill, not an Act. For current law, see the Acts databases.


REVENUE LAWS AMENDMENT BILL (NO. 3) 2008

                  Western Australia


Revenue Laws Amendment Bill (No. 3) 2008

                     CONTENTS


      Part 1 -- Preliminary matters
 1.   Short title                           2
 2.   Commencement                          2
      Part 2 -- Land Tax Act 2002 amended
 3.   Act amended                           3
 4.   Section 5 amended                     3
      Part 3 -- Metropolitan Region
           Improvement Tax Act 1959
           amended
 5.   Act amended                           4
 6.   Section 10 amended                    4




                          002--1            page i
                           Western Australia


                     LEGISLATIVE ASSEMBLY



   Revenue Laws Amendment Bill (No. 3) 2008


                               A Bill for


An Act to amend --
•  the Land Tax Act 2002; and
•  the Metropolitan Region Improvement Tax Act 1959.



The Parliament of Western Australia enacts as follows:




                                                         page 1
    Revenue Laws Amendment Bill (No. 3) 2008
    Part 1        Preliminary matters

    s. 1



                    Part 1 -- Preliminary matters
    1.       Short title
             This is the Revenue Laws Amendment Act (No. 3) 2008.

    2.       Commencement
5            This Act comes into operation as follows --
              (a)   Part 1 comes into operation on the day on which this Act
                    receives the Royal Assent;
              (b)   the rest of the Act is deemed to have come into
                    operation on 1 July 2008.




    page 2
                                     Revenue Laws Amendment Bill (No. 3) 2008
                                     Land Tax Act 2002 amended         Part 2

                                                                               s. 3



               Part 2 -- Land Tax Act 2002 amended
    3.       Act amended
             This Part amends the Land Tax Act 2002.

    4.       Section 5 amended
5            In section 5 delete Table 7 and insert:

              Table 7: Land tax rates for 2008/09 and subsequent
                                financial years
                 Unimproved value
                    of the land
                                             Rate of land tax
         Exceeding         Not exceeding
         ($)               ($)
         0                 300 000           Nil
         300 000           1 000 000         0.09 cent for each $1 in excess
                                             of $300 000
         1 000 000         2 200 000         $630 + 0.47 cent for each
                                             $1 in excess of $1 000 000
         2 200 000         5 500 000         $6 270 + 1.22 cents for each $1
                                             in excess of $2 200 000
         5 500 000         11 000 000        $46 530 + 1.46 cents for each
                                             $1 in excess of $5 500 000
         11 000 000                          $126 830 + 2.16 cents for each
                                             $1 in excess of $11 000 000




                                                                          page 3
     Revenue Laws Amendment Bill (No. 3) 2008
     Part 3        Metropolitan Region Improvement Tax Act 1959 amended

     s. 5



            Part 3 -- Metropolitan Region Improvement Tax
                         Act 1959 amended
     5.           Act amended
                  This Part amends the Metropolitan Region Improvement Tax
 5                Act 1959.

     6.           Section 10 amended
                  In section 10 delete Table 2 and insert:

                  Table 2: Metropolitan Region Improvement Tax rates
10                  for 2008/09 and subsequent years of assessment
                       Unimproved value
                          of the land             Rate of Metropolitan Region
              Exceeding         Not exceeding     Improvement Tax
              ($)               ($)
              0                 300 000           Nil
              300 000                             0.14 cent for each $1 in excess
                                                  of $300 000




 


[Index] [Search] [Download] [Related Items] [Help]