A New Tax System (Luxury Car Tax) Act 1999
Part 3
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Paying the luxury car tax
Division 16
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GST groups and GST joint ventures
Subdivision 16-B
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Participants in GST joint ventures
16-25
Additional net amounts relating to GST joint ventures
The additional net amount relating to a *GST joint venture in section 51-45 of the *GST Act:
(a) is increased by the amount of any luxury car tax on *taxable supplies of luxury cars for which the *joint venture operator is liable because of section 16-15; and
(b) is increased or decreased (as the case requires) by the amount of any *luxury car tax adjustments that are adjustments of the joint venture operator because of section 16-20.
View history note
Hide history noteThe additional net amount relating to a *GST joint venture in section 51-45 of the *GST Act:
(a) is increased by the amount of any luxury car tax on *taxable supplies of luxury cars for which the *joint venture operator is liable because of section 16-15; and
(b) is increased or decreased (as the case requires) by the amount of any *luxury car tax adjustments that are adjustments of the joint venture operator because of section 16-20.
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