Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2012 (NO. 42 OF 2012) - SECT 9

See:
Act No.
6/2000
and amending
Act No
28/2007.
LawToday:
www.
legislation.
vic.gov.au
s. 9

In section 3 of the National Taxation Reform (Consequential Provisions) Act 2000 insert the following definitions—

""GST law" has the same meaning as it has in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth;

"interest" means the general interest charge the liability for which arises under the Taxation Administration Act 1953 of the Commonwealth and which would otherwise be payable if the GST law applied to a State entity;

"penalties" means any penalties imposed in respect of GST by Part 4-25 of Schedule 1 to the Taxation Administration Act 1953 of the Commonwealth and which would otherwise be payable if the GST law applied to a State entity;".