A New Tax System (Goods and Services Tax Imposition—Customs) Act 1999

A New Tax System (Goods and Services Tax Imposition —Customs) Act 1999: Implementing a New Tax System by Imposing Goods and Services Tax

This Act implements a new tax system by imposing goods and services tax, which is a duty of customs. The Act commences on 1 July 2000, and the rate of goods and services tax payable under this Act is 10%.

The Act specifically excludes property belonging to any State from its scope. The operation of amendments made by subsequent Acts may be affected by application provisions set out in the Notes section.

Key Provisions:

• Commences on 1 July 2000
• Rate of goods and services tax payable is 10%
• Excludes property belonging to any State
• Imposes goods and services tax only as a duty of customs