Commonwealth act

States Receipts Duty Act (No. 1) 1970

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

98 of 1970

Collection

act

Plain English Summary

2/10 complexity

This Act imposes a 0.1% tax (legally classified as a 'duty of excise') on certain receipts of money.

What it does:

Creates a federal tax on money received, requested by the Australian States
Sets the tax rate at 0.1% of the amount received
Works together with the States Receipts Duties (Administration) Act 1970 (which sets out who pays, when, and how)

Who it affects: Anyone receiving money that falls within the categories defined in the companion Administration Act (originally intended to replace various state-based stamp duties on receipts).

Why it exists: The Constitution prevents States from imposing excise duties (taxes on goods/production), so this Act allows the Commonwealth to impose the tax on their behalf as part of a national tax arrangement.

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Current sections

Direct links to the current provisions in States Receipts Duty Act (No. 1) 1970.

States Receipts Duty Act (No. 1) 1970

States Receipts Duty (No. 1)

No. 98 of 1970

An Act to impose, at the request of the States, Duty, being a Duty of Excise, on certain Receipts of Money.

[Assented to 4 November 1970]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

This Act may be cited as the States Receipts Duty Act (No. 1) 1970.

Commencement.

This Act shall be deemed to have come into operation on the eighteenth day of November, One thousand nine hundred and sixty-nine.

Imposition of duty.

Duty payable in accordance with the States Receipts Duties (Administration) Act 1970 in respect of the receipt of money is, to the extent that the duty is a duty of Excise, imposed by this Act.

Rate of duty.

The rate of the duty imposed by this Act is 0.1 per centum of the money received.

Incorporation.

The States Receipts Duties (Administration) Act 1970 is incorporated, and shall be read as one, with this Act.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 States Receipts Duty Act (No. 1) 1970