SALES TAX ASSESSMENT ACT 1992 (Repealed)

PART 3 - LIABILITY TO TAX

Division 2 - Exemptions

Subdivision A - Exemptions based on exemption Items

SECTION 26 (Repealed by 101 of 2006)   EXEMPTION FOR LEASE AOU IF LEASE IS AN ELIGIBLE LONG-TERM LEASE OR AN ELIGIBLE SHORT-TERM LEASE  

26    A lease AOU is not taxable if:

(a)  the lease is an eligible long-term lease; or

(b)  the lease is an eligible short-term lease and the exempt percentage specified in the agreement under subsection 15A(2) is 100%.