This Act is about the luxury car tax. It is a single stage tax that is imposed on supplies and importations of luxury cars and is in addition to any GST that may be payable. The tax is only calculated on the value of the car that exceeds the luxury car tax threshold.

Note: The luxury car tax is imposed by 3 Acts:

(a) the A New Tax System (Luxury Car Tax Imposition—General) Act 1999 ; and (b) the A New Tax System (Luxury Car Tax Imposition—Customs) Act 1999 ; and (c) the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999 .