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Lae City Authority (Amendment) Act 2023

PAPUA NEW GUINEA

Lae City Authority (Amendment) Act 2023

No. 8 of 2023
Certified on: 10 JUL 2023

ARRANGEMENT OF SECTION.

New Section 27A.

"27A. GOODS AND SERVICES TAX REVENUE REDISTRIBUTION TO LAE CITY AUTHORITY.".

AN ACT

entitled

Lae City Authority (Amendment) Act 2023,

Being an Act to amend the Lae City Authority Act 2015, to provide for the redistribution of goods and services tax revenue paid to the Morobe Provincial Government under Intergovernmental Relations (Functions and Funding) Act 2009, and for related purposes.

MADE by the National Parliament.

NEW SECTION 27A.

The Principal Act is amended by inserting, immediately after Section 27, the following new section:

"27A. GOODS AND SERVICES TAX REVENUE REDISTRIBUTION TO LAE CITY AUTHORITY.
(1) The goods and services tax revenue entitlement due to the Morobe Provincial Government under Section 40 of the Intergovernmental Relations (Functions and Funding) Act 2009, shall be redistributed in accordance with this section.
(2) The Morobe Provincial Government must pay to the Lae City Authority, 25 percent of the goods and services tax revenue it receives from the Internal Revenue Commission for the fiscal year commencing 1 January 2024, and for each subsequent year.".

I hereby certify that the above is a fair print of the Lae City Authority (Amendment) Act 2023, which has been made by the National Parliament.

Acting Clerk of the National Parliament
10 JUL 2023

I hereby certify that the Lae City Authority (Amendment) Act 2023, was made by the National Parliament on 8 June 2023.

Speaker of the National Parliament.
10 JUL 2023