Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 38.505

             (1)  A supply is GST-free if it is a supply of a * car to an individual who:

                     (a)  has served in the Defence Force or in any other armed force of Her Majesty; and

                     (b)  as a result of that service:

                              (i)  has lost a leg or both arms; or

                             (ii)  has had a leg, or both arms, rendered permanently and completely useless; or

                            (iii)  is a veteran to whom section 24 of the Veterans' Entitlements Act 1986 applies and receives a pension under Part II of that Act; or

                            (iv)  is receiving a Special Rate Disability Pension under Part 6 of Chapter 4 of the Military Rehabilitation and Compensation Act 2004 , or satisfies the eligibility criteria in section 199 of that Act; and

                     (c)  intends to use the car in his or her personal transportation during all of the * Subdivision 38-P period.

             (2)  However, a supply covered by subsection (1) is not GST-free to the extent that the * GST inclusive market value of the * car exceeds the * car limit.

             (3)  In working out the * GST inclusive market value of the * car for the purposes of subsection (2), disregard any value that is attributable to modifications made to the car solely for the purpose of:

                     (a)  adapting it for driving by the person; or

                     (b)  adapting it for transporting the person.

             (4)  A supply is GST-free if it is a supply of * car parts that are for a * car for an individual to whom paragraphs (1)(a), (b) and (c) apply.