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Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment) Act 2012

PAPUA NEW GUINEA


Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment)
Act 2012.


No. 19 of 2012.


Certified on: 30/01/2013


Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment)
Act 2012.


ARRANGEMENT OF SECTION.


Amount of GST Distribution to Provincial Governments (Repeal and Replacement of Section 40).


No.19 of 2012


An Act


entitled


Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment)
Act 2012,


Being an Act to amend the Inter-Governmental Relations (Functions and Funding) Act 2009,


MADE by the National Parliament and deemed to have come into operation on 1 January 2009.


AMOUNT OF GST DISTRIBUTIONS TO PROVINCIAL GOVERNMENTS (REPEAL AND REPLACEMENT OF SECTION 40).


Section 40 of the Principal Act is repealed and replaced with the following:


"40. AMOUNT OF GST DISTRIBUTIONS TO PROVINCIAL GOVERNMENTS (REPEAL AND REPLACEMENT OF SECTION 40).


"(1) Each Provincial Government shall be entitled to receive for the fiscal year commencing on 1 January 2009 and each subsequent fiscal year an amount equal to 60% of the net GST collected in the province during the second preceding fiscal year


(2) Notwithstanding the provisions of Subsection (1), a provincial government which imposes a sales and services tax of the kind permitted by Section 86(1)(a) of the Organic Law on Provincial Governments and Local-level Governments shall not be entitled to be paid a share of the GST collection whilst that provincial tax is in force.


"(3) Where Subsection (2) applies, the amount of GST distribution that provincial governments would have been entitled to receive but for the operation of Subsection (2) shall be distributed pro-rata to monthly entitlements to all other provincial governments which do not impose a sales and services tax.".

______________


I hereby certify that the above is a fair print of the Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment) Act 2012, which has been made by the National Parliament.


Acting Clerk of the National Parliament.


I hereby certify that the Inter-Governmental Relations (Functions and Funding) (2013 Budget) (Amendment) Act 2012 was made by the National Parliament on 27 November 2012.


Speaker of the National Parliament.



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