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TAXATION (GOVERNMENT BUSINESS ENTERPRISES) AMENDMENT REGULATIONS 2004 (NO 2) (NO 13 OF 2004)
2004
THE LEGISLATIVE ASSEMBLY FOR THE
AUSTRALIAN CAPITAL
TERRITORY
TAXATION (GOVERNMENT BUSINESS ENTERPRISES) AMENDMENT REGULATIONS 2004 (No 2)
Subordinate Law SL2004-13
EXPLANATORY STATEMENT
Circulated by the authority of the Treasurer
TAXATION (GOVERNMENT BUSINESS ENTERPRISES) AMENDMENT
REGULATIONS 2004 (No 2) Subordinate Law SL2004-13
The purpose of the Taxation (Government Business Enterprises)
Amendment Regulations 2004 (No 2) is to include the
entities:
• Capital Linen Service to Regulations 3 and 4;
and
• DUS Facilities Management to Regulations 4.
The
Taxation (Government Business Enterprises) Amendment Regulations 2004
(No 2) prescribe those Territory entities which are to be subject to
the National Tax Equivalent Regime and those Territory entities which are to be
subject to Territory taxes and charges. The Regulations specify that territory
entities are to be subject collectively to all ACT Territory taxes rather than
rely on specific revenue legislation or the enabling legislation of a particular
entity. The regulations thus provide certainty and transparency for determining
the liability of Territory entities to be subject to the National Tax Equivalent
regime and/or Territory taxes and charges.
Section 1 states the name of the regulations as the Taxation
(Government Business Enterprises) Amendment Regulations 2004 (No
2).
Section 2 provides that the regulations are to commence on the
day after their notification.
Section 3 provides that these regulations
amend the Taxation (Government Business Enterprises) Regulations
2003.
Section 4, Regulation 3 include Capital Linen Service on the
list of entities subject to the national tax equivalent regime.
Section
5, Regulation 4 include Capital Linen Service on the list of entities subject to
Territory taxes and charges.
Section 6 Regulation 4 include DUS
Facilities Management on the list of entities subject to Territory taxes and
charges.