Customs Tariff Amendment (Tobacco) Act 2024 (Cth)

Customs Tariff Amendment (Tobacco) Act 2024

No. 71, 2024

An Act to amend the Customs Tariff Act 1995, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Amendments Customs Tariff Act 1995

Customs Tariff Amendment (Tobacco) Act 2024 No. 71, 2024

An Act to amend the Customs Tariff Act 1995, and for related purposes

[Assented to 9 July 2024]

The Parliament of Australia enacts:

1 Short title This Act is the Customs Tariff Amendment (Tobacco) Act 2024.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this Act 1 September 2023. 1 September 2023

Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act. (2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3 Schedules Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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

Customs Tariff Act 1995

1 Subsections 19AB(5) and (6) Repeal the subsections, substitute: (5) Despite subsection (3), treat the indexation factor for 1 September 2023, 1 September 2024 and 1 September 2025 as 1 if, on that day, it would otherwise be less than 1.

Additional factor (6) The additional factor for an indexation day is: (a) 1.05, if the indexation day is 1 September 2023, 1 September 2024 or 1 September 2025; or (b) 1, for each other indexation day.