Commonwealth Consolidated Acts

A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 18.5

  (1)   You are entitled to a refund under this section if:

  (a)   you have a refund entitlement under this section; and

  (b)   you are * registered; and

  (c)   no one else has made a valid claim for a refund in relation to the refund entitlement.

  (2)   You have a refund entitlement if:

  (a)   you have * borne luxury car tax on the supply, or * importation, of a * refund - eligible car (or you would have borne luxury car tax on the supply or importation if you had acquired the * car directly rather than entering into a financing arrangement relating to the car) ; and

  (b)   at the time of the supply or importation you are carrying on a * primary production business.

  (3)   The amount of the refund for a refund entitlement under subsection   ( 2) is the lesser of:

  (a)   the amount of the luxury car tax described in paragraph   ( 2)(a); and

  (b)   $10,000.

  (4)   You cannot have a refund entitlement under subsection   ( 2) for more than one * car in a * financial year.