A New Tax System (Commonwealth-State Financial Arrangements) Amendment Act 2004 (Cth)

A New Tax System (Commonwealth‑State Financial Arrangements) Amendment Act 2004

No. 21, 2004

An Act to amend the A New Tax System (Commonwealth‑State Financial Arrangements) Act 1999, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Amendment of the A New Tax System (Commonwealth‑State Financial Arrangements) Act 1999

Part 1—Taking refunds into account in determining GST revenue

Part 2—Timing of determinations

Part 3—Residual adjustments for GST transitional years

A New Tax System (Commonwealth-State Financial Arrangements) Amendment Act 2004

No. 21, 2004

An Act to amend the A New Tax System (Commonwealth‑State Financial Arrangements) Act 1999, and for related purposes

[Assented to 23 March 2004]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the A New Tax System (Commonwealth‑State Financial Arrangements) Amendment Act 2004.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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—Amendment of the A New Tax System (Commonwealth‑State Financial Arrangements) Act 1999

Part 1—Taking refunds into account in determining GST revenue

1 Subsection 5(4) Repeal the subsection, substitute:

(4) The matters are: (a) the amount that was paid under the GST refund provisions; and (b) the amount that was payable under the GST refund provisions and that (rather than being paid directly under those provisions) was allocated, applied or refunded in accordance with Part IIB of the Taxation Administration Act 1953; to the extent that the amounts are attributable to GST.