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A NEW TAX SYSTEM (WINE EQUALISATION TAX AND LUXURY CAR TAX TRANSITION) ACT 1999 - SECT 5
Application of luxury car tax law
- (1)
- The luxury car tax law does not apply to a supply of a car if:
- (a)
- the car was sold by a retail sale in Australia before 1 July 2000; or
- (b)
- the car was imported into Australia before 1 July 2000, and nobody was
entitled to quote under the Sales Tax Assessment Act 1992 for the importation;
or
- (c)
- there is an AOU of the car before 1 July 2000, and a special credit under
section 16 of the A New Tax System (Goods and Services Tax Transition) Act
1999 does not arise in relation to the car.
- (2)
- In this section, AOU , import , quote and retail sale have the meanings
given by section 5 of the Sales Tax Assessment Act 1992 as in force
immediately before 1 July 2000.
- (3)
- In this section, Australia , car , luxury car tax law , and supply have
the meanings given in the A New Tax System (Luxury Car Tax) Act 1999 .
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