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A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 15.5
Luxury car tax adjustment event
- (1)
- A luxury car tax adjustment event is any event which has the effect of:
- (a)
- cancelling a supply of a * luxury car; or
- (b)
- changing the * consideration for the supply; or
- (c)
- causing the supply to become, or stop being, a * taxable supply
of a luxury car.
- (2)
- Without limiting subsection (1), these are * luxury car tax
adjustment events:
- (a)
- the return to a supplier of a * car supplied (whether or not the return
involves a change of ownership of the car);
- (b)
- a change to the previously agreed * consideration for a supply of a car,
whether due to the offer of a discount or otherwise.
- (3)
- A * luxury car tax adjustment event can arise in relation to a supply of a
* car even if it is not a * taxable supply of a luxury car.
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