Commonwealth Numbered Acts

SALES TAX ASSESSMENT ACT 1992 No. 114, 1992 - SECT 42

42.(1) This section applies to any taxable dealing with goods that have been
imported after having been exported for alteration as described in section 9.

(2) If customs duty has or will become payable on the importation, and that
duty is calculated solely by reference to the customs value of the
alterations, the taxable value is:
Customs value of the alterations x Customs duty on the importation

(3) If customs duty has or will become payable on the importation, but
subsection (2) does not apply, the taxable value is:
Notional customs value
of the alterations
    Notional customs value     Customs duty

    of the alterations   +     on the    x   Value of the goods for

                               importation   purposes of calculating

the customs duty on the
importation

(4) If customs duty has not, and will not, become payable on the importation,
the taxable value is the amount that would have been the taxable value under
subsection (2) if customs duty had become payable on the importation and had
been calculated solely by reference to the value of the alterations.

(5) In this section:

"notional customs value of the alterations" means the amount that would have
been the customs value of the alterations for the purposes of calculating duty
if the duty had been calculated solely by reference to the value of the
alterations.