Big Bank Levy (COVID-19 Health Response) Bill 2021* (Qld)

An Act to impose a levy on particular authorised deposit-taking institutions operating in the State, and to amend this Act and the Taxation Administration Act 2001 for particular purposes The Parliament of Queensland enacts—

Part 1 Preliminary

1 Short title This Act may be cited as the Big Bank Levy (COVID-19 Health Response) Act 2021.

2 Extraterritorial application of Act (1) This Act applies both within and outside Queensland. (2) This Act applies outside Queensland to the full extent of the extraterritorial legislative power of the Parliament.

3 Relationship with Taxation Administration Act 2001 (1) This Act does not contain all the provisions about State big bank levy. (2) The Taxation Administration Act 2001 contains provisions dealing with, among other things, the following— (a) assessments of tax; (b) payments and refunds of tax; (c) imposition of interest and penalty tax; (d) objections and appeals against, or reviews of, assessments of tax; (e) record keeping obligations of taxpayers; (f) investigative powers, offences, legal proceedings and evidentiary matters; (g) service of documents. Notes— 1 This Act is a revenue law for the Taxation Administration Act 2001. See section 6 of that Act. 2 Under the Taxation Administration Act 2001, section 3, that Act and this Act must be read together as if they together formed a single Act. 3 Under the Taxation Administration Act 2001, a tax includes a levy imposed under a revenue law. See schedule 2 of that Act, definitions tax and primary tax.

4 Definitions The dictionary in schedule 1 defines particular words used in this Act.

Part 2 Imposition of liability