Page 5631 - Week 13 - Thursday, 18 November 2010
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Thursday, 18 November 2010
MR SPEAKER (Mr Rattenbury) took the chair at 10 am and asked members to stand in silence and pray or reflect on their responsibilities to the people of the Australian Capital Territory.
Payroll Tax Amendment Bill 2010
Ms Gallagher, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.
Title read by Clerk.
MS GALLAGHER (Molonglo—Deputy Chief Minister, Treasurer, Minister for Health and Minister for Industrial Relations) (10.01): I move:
That this bill be agreed to in principle.
The Payroll Tax Amendment Bill 2010 amends the Payroll Tax Act 1987 to correct a payroll tax threshold amount that was erroneously published in the year 2000.
The disallowable instrument that set payroll tax and thresholds for the 2001-02 financial year published an incorrect threshold amount of $950,000 for that year. The intended payroll tax threshold for that financial year was $1.25 million, as announced in the 2000-01 ACT budget. A disallowable instrument was signed by the then Treasurer to effect this amount. However for reasons unknown, the incorrect instrument was tabled and published instead.
The ACT Revenue Office which administers the payroll tax for the ACT operated on the basis of the threshold being the intended $1.25 million and all relevant information and publications provided by the office at that time reflected the intended amount. It is not certain why the wrong instrument was published in 2000 but the Revenue Office’s correct administration of the intended payroll tax threshold led to a zero impact on payroll taxpayers.
This bill will insert a provision into the Payroll Tax Act that will validate the correct amount of $1.25 million for the 2001-02 financial year. The amendment will not affect ACT payroll taxpayers and will not impact on ACT payroll tax revenue. I commend the bill to the Assembly and am happy to provide briefings to members should they need it.
Debate (on motion by Mr Smyth) adjourned to the next sitting.
Bail Amendment Bill 2010
Mr Corbell, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.
Title read by Clerk.
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