Australian Capital Territory Numbered Acts

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STAMP DUTIES AND TAXES (AMENDMENT) ACT (NO. 42 OF 1992) - SECT 5

Insertion

5. After section 56E of the Principal Act the following section is inserted:

“56EA. (1) A licensed vehicle dealer may, by writing served on a person, advise the person that, if he or she purchases a specified vehicle at a specified price from the dealer, there is payable to the dealer a specified amount, being an amount not exceeding the amount of tax payable by the dealer on the sale under this Part.

“(2) Where—

        (a)     a notice in accordance with subsection (1) has been served on a person; and

        (b)     the relevant sale takes place;

the dealer may recover from the purchaser the amount specified in the notice as being payable by the purchaser.”.



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