sec.22Taking account of government taxes

sec.22 Taking account of government taxes

A commercialised business unit that is applying full cost pricing to a significant business activity must comply with the tax equivalents manual. The tax equivalents manual is a manual, issued by the Treasurer, about how a local government must account for tax equivalents. A tax equivalent is an amount that is the equivalent to the advantage gained by a local government by not paying a tax the local government would be liable to pay if it were a private sector business. A tax includes any charge, duty, fee, levy or rate payable under an Act of the Commonwealth or the State, including the Act . The tax equivalents manual may, for example, provide for— lodging tax returns; and assessing tax returns; and rulings, including the application of rulings about taxes imposed under a Commonwealth Act; and objections and appeals against assessments and rulings; and the appointment of tax assessors. The Treasurer must table a copy of each amendment of the tax equivalents manual in the Legislative Assembly within 14 sitting days after the amendment is made. (sec.22-ssec.1) A commercialised business unit that is applying full cost pricing to a significant business activity must comply with the tax equivalents manual. (sec.22-ssec.2) The tax equivalents manual is a manual, issued by the Treasurer, about how a local government must account for tax equivalents. (sec.22-ssec.3) A tax equivalent is an amount that is the equivalent to the advantage gained by a local government by not paying a tax the local government would be liable to pay if it were a private sector business. (sec.22-ssec.4) A tax includes any charge, duty, fee, levy or rate payable under an Act of the Commonwealth or the State, including the Act . (sec.22-ssec.5) The tax equivalents manual may, for example, provide for— lodging tax returns; and assessing tax returns; and rulings, including the application of rulings about taxes imposed under a Commonwealth Act; and objections and appeals against assessments and rulings; and the appointment of tax assessors. (sec.22-ssec.6) The Treasurer must table a copy of each amendment of the tax equivalents manual in the Legislative Assembly within 14 sitting days after the amendment is made.

• (a) lodging tax returns; and
• (b) assessing tax returns; and
• (c) rulings, including the application of rulings about taxes imposed under a Commonwealth Act; and
• (d) objections and appeals against assessments and rulings; and
• (e) the appointment of tax assessors.