A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005

1. A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005 No. 2, 2005.

This Act aims to implement the A New Tax System by imposing the tax payable under the GST law on recipients of taxable supplies and as a duty of excise.

The Act commences on 1 July 2005, and it imposes goods and services tax (GST) only where that tax would be imposed on the recipient of a taxable supply and is a duty of excise within the meaning of section 55 of the Constitution.

The rate of GST payable under the GST law is 10%. The Act does not impose a tax on property of any kind belonging to a State.

This Act was assented to by the Parliament of Australia on February 18, 2005.