Federal Register of Legislation
A New Tax System (Trade Practices Amendment) Act 2000
No. 69, 2000
A New Tax System (Trade Practices Amendment) Act 2000
No. 69, 2000
An Act to amend the Trade Practices Act 1974 in connection with the implementation of A New Tax System, and for other purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Amendments related to the New Tax System Trade Practices Act 1974
Schedule 2—Other amendments Trade Practices Act 1974
A New Tax System (Trade Practices Amendment) Act 2000
No. 69, 2000
An Act to amend the Trade Practices Act 1974 in connection with the implementation of A New Tax System, and for other purposes
[Assented to 22 June 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the A New Tax System (Trade Practices Amendment) Act 2000.
2 Commencement
(1) Subject to subsections (2) and (3), this Act commences on the day on which it receives the Royal Assent.
(2) Item 1 of Schedule 2 is taken to have commenced when Part 3 of the Competition Policy Reform Act 1995 commenced.
(3) Item 2 of Schedule 2 is taken to have commenced when the Trade Practices Amendment (Industry Access Codes) Act 1997 commenced.
3 Schedule(s)
Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments related to the New Tax System
Trade Practices Act 1974
1 Paragraph 6(2)(b) Omit "and 75AY", substitute ", 75AY and 75AYA".
2 After section 75AY Insert:
75AYA Prohibition on misrepresenting the effect of the New Tax System changes
A corporation must not, in trade or commerce, for the purpose of price exploitation, in connection with: (a) the supply or possible supply of goods or services; or (b) the promotion by any means of the supply or use of goods or services; engage in conduct, at any time during the period starting when this section commences and ending at the end of the New Tax System transition period, that: (c) falsely represents (whether expressly or impliedly) the effect, or likely effect, of all or any of the New Tax System changes; or (d) misleads or deceives, or is likely to mislead or deceive, a person about the effect, or likely effect, of all or any of the New Tax System changes.
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