SALES TAX (EXEMPTIONS AND CLASSIFICATIONS) ACT 1992 (Repealed)
PART 4 - RATES OF TAX
CCH Note:
Heading modified by Act Nos 137 to 139 of 1997, s 5 Sch 1
item 1, effective 6 August 1997, by substituting the heading. The heading
formerly read: ``THE RATING SCHEDULES''.
SECTION 15
RATES OF TAX
15(1)
[Rates applicable to taxable dealings]
Schedules 2, 3, 4, 5, 6 and 7 specify the rates of tax that apply to taxable dealings with goods.
CCH Note:
S 15(1) modified by Act Nos 51 to 53 of 1993 (as amended by No 95 of 1994) is to have effect as if ``7 and 8'' was substituted by ``and 7'', applicable to dealings with goods on or after 11 May 1994.
S 15(1) modified by Act Nos 51 to 53 of 1993, s 15(1) is to have effect as if ``and 6'' was substituted by ``, 6, 7 and 8'', applicable to dealings with goods on or after 21 October 1993.
S 15(1) modified by Act Nos 48 to 50 of 1993. As a result of the modifications, s 15(1) is to have effect as if ``and 5'' was substituted by ``, 5 and 6'', applicable to dealings with goods on or after 18 August 1993.
The unmodified version of sec 15(1) as originally enacted reads as follows:
15(2)
[Lower rate to apply]
If, in a particular case, goods are covered by more than one of those Schedules, then the Schedule with the lower rate applies.
15(3)
[Application of Sch 4 over Sch 5]
If goods were, immediately before the 21st day after the day on which the A New Tax System (Goods and Services Tax) Act 1999 received the Royal Assent, covered by any of items 4 to 14 of Schedule 5, those goods are taken not to be covered by any Schedule other than Schedule 4.
Schedules 2, 3, 4, and 5 specify the rates of tax that apply to taxable dealings with goods.
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