Sales Tax Amendment Act 1974
Sales Tax Amendment Act 1974
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Sales Tax Amendment Act 1974
Sales Tax Amendment Act 1974
Public Act |
1974 No 40 |
|
Date of assent |
9 August 1974 |
|
Contents
An Act to amend the Sales Tax Act 1974
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:
1 Short Title and application
(1)
This Act may be cited as the Sales Tax Amendment Act 1974, and shall be read together with and deemed part of the Sales Tax Act 1974 (hereinafter referred to as the principal Act).
(2)
This Act shall apply to all goods—
(a)
Imported into New Zealand on or after the 9th day of August 1974 and—
(i)
Entered therein for home consumption under the Customs Act 1966, otherwise than by a licensed wholesaler for subsequent sale by him; or
(ii)
Before their entry for home consumption, dealt with in breach of any provision of any of the Customs Acts; or
(b)
Sold by a wholesaler on or after that date, otherwise than to a licensed wholesaler for subsequent sale by him; or
(c)
Being goods manufactured by a manufacturing retailer, sold by him on or after that date, otherwise than to a licensed wholesaler for subsequent sale by him.
2 Interpretation
Section 2 of the principal Act is hereby amended by inserting, in the appropriate alphabetical order, the following definitions:
“’Motorcar’ has the same meaning as in subsection (1) of section 2 of the Transport Act 1962:
“’Total piston displacement’, in relation to a motorcar with a rotary piston engine, means the capacity of the chamber of the engine in cubic centimetres, multiplied by a number equal to double the number of rotors:”.
3 Discount on prompt payment
(1)
Section 36 of the principal Act is hereby amended by inserting in paragraph (a) and in paragraph (b) and in paragraph (c) of subsection (1), after the words “the goods”
, in each case the words “(other than motorcars)”
.
(2)
The said section 36 is hereby further amended by adding to subsection (1) the following paragraph:
“(d)
Where the sales tax is payable in respect of motorcars, to a discount of ¾ of 1 percent of the sales tax so paid.”
4 Rates of Sales Tax
(1)
The First Schedule to the principal Act is hereby amended by omitting from Part A the words “Motor vehicles, including trailers therefor”
, and substituting the words “Motor vehicles (other than motorcars to which Part B or Part Ba or Part Bb or Part Bc of this Schedule applies); trailers for motor vehicles”
.
(2)
The said First Schedule is hereby further amended by adding to Part B the following item:
“Motorcars having piston engines with a total piston displacement not exceeding 1,350 cubic centimetres.”
(3)
The said First Schedule is hereby further amended by inserting, after Part B, the following Parts:
“Ba Goods Which, if Not Exempt From Sales Tax, are Subject to Sales Tax at the Rate of 37½ Percent of Their Sale Value
Motorcars having piston engines with a total piston displacement exceeding 1,350 cubic centimetres, but not exceeding 2,000 cubic centimetres.
Bb Goods Which, if Not Exempt From Sales Tax, are Subject to Sales Tax at the Rate of 50 Percent of Their Sale Value
Motorcars having piston engines with a total piston displacement exceeding 2,000 cubic centimetres, but not exceeding 2,700 cubic centimetres.
Bc Goods Which, if Not Exempt From Sales Tax, are Subject to Sales Tax at the Rate of 60 Percent of Their Sale Value
Motorcars having piston engines with a total piston displacement exceeding 2,700 cubic centimetres.”
This Act is administered in the Customs Department.
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Versions
Sales Tax Amendment Act 1974
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