Australian Capital Territory
Taxation Administration (Rates –Rebate Cap) Determination 2007 (No 1)
Disallowable instrument DI2007–133
made under the  
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)
EXPLANATORY STATEMENT

Purpose

1.	The purpose of this instrument is to revoke the current determination of the rates rebate cap, DI2006-102, and to determine a new rebate cap for section 64 (5) of the Rates Act 2004 (the Rates Act), commencing on 1 July 2007.

Summary

2.	The Taxation Administration Act 1999 (the TAA) deals with the administration of various tax laws relating to the imposition and collection of certain taxes, duties and fees.  These tax laws are specified in section 4 of the TAA and include the Rates Act.

3.	Section 139 of the TAA empowers the Minister to determine the amount of taxes, duties and licence fees payable under a tax law, including the Rates Act.  This determination is a disallowable instrument.

4.	Section 64 of the Rates Act provides a capped rebate to people who became eligible on or after 1 July 1997.  If an eligible person is a joint owner of a parcel of land, the amount of the rebate cap is proportional to the person’s interest in that parcel of land.

Changes in this Determination

5.	This instrument replaces the current determined rebate cap amount of $396 and determines a new rebate cap amount of $413, an increase of $17 for the new rating year.