Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Wayne Swan MP and the Minister for Home Affairs, the Hon Bob Debus MP)General outline and financial impact
Validation of increased duty on certain alcoholic beverages
The Excise Tariff Validation Bill 2009 and the Customs Tariff Validation Bill 2009 provide for the validation of all duties demanded or collected before 14 May 2009 because of the Excise Tariff Proposal (No. 1) 2008 and the Customs Tariff Proposal (No. 1) 2008 so that they are taken to have been lawfully imposed and lawfully demanded or collected.
Date of effect : 14 May 2009.
Proposal announced : On 15 April 2009, in a joint press release issued by the Treasurer and the Minister for Health and Ageing.
Financial impact : These measures will validate revenues already collected to the value of:
| Revenue | 2007-08 | 2008-09 |
| Australian Taxation Office | $21.7m | $139.2m |
| Australian Customs and Border Protection Service | $44.0m | $180.4m |
| Goods and services tax | $6.6m | $32.0m |
| Total revenue | $72.3m | $351.6m |
Note: For purposes of the Government's forward estimates the above figures in the table would be zero as such estimates currently assume the tariff proposals are supported by Parliament.
Compliance cost impact : No significant compliance and administrative costs are expected resulting from the validation of the revenue.
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