About: Bank account debits tax

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Bank account debits tax (BADT or BAD) was an Australian bank transaction tax levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS). The tax was based on the amount withdrawn, and varied by state. The final rates were per the following table. The tax was levied according to the state where the bank account was domiciled, not where the account holder lived. A total of about $1 billion per year was being collected near the end of its full operation in 2001 (according to the Australian Bankers' Association).

Attributes	Values
rdf:type	organisation
rdfs:label	Bank account debits tax (en)
rdfs:comment	Bank account debits tax (BADT or BAD) was an Australian bank transaction tax levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS). The tax was based on the amount withdrawn, and varied by state. The final rates were per the following table. The tax was levied according to the state where the bank account was domiciled, not where the account holder lived. A total of about $1 billion per year was being collected near the end of its full operation in 2001 (according to the Australian Bankers' Association). (en)
dcterms:subject	Banking in Australia History of taxation in Australia Abolished taxes
Wikipage page ID	3344011 (xsd:integer)
Wikipage revision ID	1117809112 (xsd:integer)
Link from a Wikipage to another Wikipage	Queensland Victoria (Australia) EFTPOS Goods and Services Tax (Australia) Australian Capital Territory Australian Securities Exchange Western Australia Banking in Australia Bank transaction tax History of taxation in Australia Norfolk Island Northern Territory Parliament of Australia Abolished taxes Tasmania Cheque Australian Banking Association South Australia Financial institutions duty National Australia Bank New South Wales Taxation in Australia
Link from a Wikipage to an external page	https://web.archive.org/web/20041222211854/http:/www.bankers.asn.au/default.aspx%3FArticleID=124 https://web.archive.org/web/20051203013849/http:/www.aph.gov.au/library/pubs/rn/2001-02/02RN07.htm https://web.archive.org/web/20070910050233/http:/www.nab.com.au/About_Us/0,,70275,00.html
sameAs	Bank account debits tax Bank account debits tax Bank account debits tax
dbp:wikiPageUsesTemplate	dbt:Short_description dbt:Use_Australian_English dbt:Use_dmy_dates
has abstract	Bank account debits tax (BADT or BAD) was an Australian bank transaction tax levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS). The tax was introduced by the federal government in 1982. The power to levy the tax was transferred to the states in 1990, except for Norfolk Island which did not charge it. The tax was abolished by the states on dates between 1 July 2002 and 1 July 2005 as part of the package of reforms for the introduction of the goods and services tax. The financial institutions duty was also abolished as part of this package. The tax was based on the amount withdrawn, and varied by state. The final rates were per the following table. The tax was levied according to the state where the bank account was domiciled, not where the account holder lived. A total of about $1 billion per year was being collected near the end of its full operation in 2001 (according to the Australian Bankers' Association). Since the tax applied only to cheque accounts, bank customers could choose not to have a cheque facility to avoid the tax, or could keep a separate cheque account used only when needing to write a cheque. (en)
gold:hypernym	Tax
prov:wasDerivedFrom	wikipedia-en:Bank_account_debits_tax?oldid=1117809112&ns=0
page length (characters) of wiki page	3738 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Bank_account_debits_tax
is Link from a Wikipage to another Wikipage of	Bad Debit (disambiguation) Bank Account Debits Tax Bank transaction tax Badt Financial institutions duty Financial transaction tax BADT Debit tax Debits Tax
is Wikipage redirect of	Bank Account Debits Tax BADT Debit tax Debits Tax
is Wikipage disambiguates of	Bad Debit (disambiguation) Badt
is foaf:primaryTopic of	wikipedia-en:Bank_account_debits_tax

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