Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (65 of 2019)

Schedule 3   Non-taxable re-importations of refurbished luxury cars

A New Tax System (Luxury Car Tax) Act 1999

1   After subsection 7-20(1)

Insert:

(1A) An *importation of a *car is a non-taxable re-importation if:

(a) the car was exported from the indirect tax zone and is returned to the indirect tax zone; and

(b) the car has been subject to any treatment, industrial processing, repair, renovation, alteration or any other process since its export; and

(c) the ownership of the car has not changed in the period beginning immediately before the car was exported and ending at the time it is returned to the indirect tax zone.