SALES TAX (EXEMPTIONS AND CLASSIFICATIONS) ACT 1992 (Repealed)

CCH Note: The Sales Tax (Exemptions and Classifications) Act 1992 modified by Act Nos 48, 49 and 50 of 1993 to have effect as if Sch 6 applied to dealings with goods on or after 18 August 1993.

The Schedule, as modified, reads as follows:

SCHEDULE 6

GOODS TAXED AT 45%

Item 1: [Luxury motor cars]  

1(1) 

Motor cars or station wagons (including those known as four-wheel drive vehicles), if the taxable value of the taxable dealing concerned is more than 67.1% of the motor vehicle depreciation limit for the financial year in which the taxable dealing happens.

1(2) 

This Item does not cover motor vehicles that are specially fitted out for transporting disabled persons seated in wheelchairs unless the motor vehicles are described in subitem (1) of exemption Item 96 or 97.