Plain English Manual

Appendix 1 - Examples of planning tables

Table 1: Main concepts

Concept
Relevance
Meaning (* = definition in Bill)
Comments
Australia

• The Bill applies to sales only if the goods are in Australia at time of sale.
• Power to search ships applies only to ships in Australia.

All the States and Territories (including external Territories*) + 12 mile territorial sea.

• The Bill overrides paragraph 17(a) of the Acts Interpretation Act (which excludes external Territories).
• Section 15B of the Acts Interpretation Act extends "Australia" to 12 mile territorial sea.

goods

The Bill taxes sales of goods.

Any form of tangible personal property (*)

• Goods (eg carpets) may cease to be goods when they become permanently fixed to land. Is this a problem?

company

Companies have different due dates for payment of tax.

• Any body or association, whether or not it is incorporated, excluding partnerships.(*)

Is there a need for special rules for recovery of tax from unincorporated companies?

Table 2: Summary of instalment rules

Class of taxpayer
Likely tax on first day of month 9
Instalment(s) due on first day of:
Instalment amount(s)
Small
less than $8,000

month 18

100% of assessed tax for current year
Medium
$8,000 to $300,000

month 12

25% of likely tax for current year

month 15

25% of likely tax for current year

month 18

25% of likely tax for current year

month 21

assessed tax for current year, less previous instalments for current year
Large
more than $300,000

month 9

25% of likely tax for current year

month 12

25% of likely tax for current year

month 15

25% of likely tax for current year

month 18

assessed tax for current year, less previous instalments for current year