Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 4   AMENDMENT OF THE SALES TAX LAW

Division 2   Amendments to provide a credit for export alteration goods

134   Insertion of new section

After section 42 of the Principal Act the following section is inserted:

Export alteration goods that are re-imported

"42AA.(1) This section applies to any taxable dealing with goods to which section 9A applies.

"(2) If the taxable dealing is covered by section 42, the taxable value is the amount calculated under that section plus the amount that would have been the taxable value if the dealing had only involved the export alteration goods.

"(3) If the taxable dealing is not covered by section 42, the taxable value is the amount that would have been the taxable value if the dealing had only involved the export alteration goods.".