Western Australia

Business Tax Review (Taxing) Act 2003

Western Australia

Business Tax Review (Taxing) Act 2003

CONTENTS

Part 1 — Preliminary

1.           Short title                                                                         2

2.           Commencement                                                               2

Part 2 — Land tax rates

3.           The Act amended                                                             3

4.           Section 5 amended                                                           3

Part 3 — Single rate of pay‑roll tax

5.           The Act amended                                                             5

6.           Heading of Part 1 deleted                                                 5

7.           Part 2 replaced                                                                 5

5.              Imposition of pay‑roll tax                                         5

Western Australia

Business Tax Review (Taxing) Act 2003

No. 41 of 2003

An Act to amend the Land Tax Act 2002 and the Pay‑roll Tax Act 2002.

[Assented to 30 June 2003]

The Parliament of Western Australia enacts as follows:

Part 1 — Preliminary

1.           Short title

             This Act may be cited as the Business Tax Review (Taxing) Act 2003.

2.           Commencement

             This Act comes into operation on 1 July 2003.

Part 2 — Land tax rates

3.           The Act amended

             The amendments in this Part are to the Land Tax Act 2002*.

              [* Act No. 51 of 2002.]

4.           Section 5 amended

             Section 5 is amended as follows:

                 (a)    by inserting after “this section” —

                         “ for the relevant financial year ”;

                 (b)    by deleting the heading to the Table and inserting the following heading instead —

“

Table 1: Land tax rates for 2002/03

”;

                 (c)    by inserting the following Table at the end of the section —

“

Table 2: Land tax rates for 2003/04 and subsequent financial years

Unimproved value of the land
Exceeding ($)	Not exceeding ($)	Rate of land tax
0	50 000	Nil
50 000	190 000	$75.00 + 0.15 cent for each $1 in excess of $50 000
190 000	550 000	$285.00 + 0.45 cent for each $1 in excess of $190 000
550 000	2 000 000	$1 905.00 + 1.76 cents for each $1 in excess of $550 000
2 000 000	5 000 000	$27 425.00 + 2.30 cents for each $1 in excess of $2 000 000
5 000 000		$96 425.00 + 2.50 cents for each $1 in excess of $5 000 000

”.

Part 3 — Single rate of pay‑roll tax

5.           The Act amended

    The amendments in this Part are to the Pay‑roll Tax Act 2002*.

              [* Act No. 47 of 2002.]

6.           Heading of Part 1 deleted

    The heading of Part 1 is deleted.

7.           Part 2 replaced

    Part 2 is repealed and the following section is inserted instead —

“

5.           Imposition of pay‑roll tax

    Pay‑roll tax is imposed at the rate of 6%.

”.