A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 1   Indirect Tax Acts

Part 2   Amendment of the A New Tax System (Luxury Car Tax) Act 1999

178   Subsection 13-25(1)

Repeal the subsection, substitute:

(1) An amount of luxury car tax on a *taxable importation of a luxury car is not payable if:

(a) a security or undertaking described in section 162 of the Customs Act 1901 has been given; and

(b) the provisions of the regulations mentioned in paragraph 162(3)(a) of that Act are complied with; and

(c) the car is exported within the relevant period mentioned in paragraph 162(3)(b) of that Act.

Note: Section 162 of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, GST and luxury car tax relating to the importation.

(1A) An amount of luxury car tax on a *taxable importation of a luxury car is not payable if:

(a) a security or undertaking described in section 162A of the Customs Act 1901 has been given; and

(b) the car is not dealt with in contravention of regulations made for the purposes of that section; and

(c) either:

(i) the car is exported within the relevant period mentioned in paragraph 162A(5)(b) of that Act; or

(ii) if the car is goods described in subsection 162A(5A) - the car is exported before the end of the relevant day mentioned in paragraph 162A(5A)(b).

Note: Section 162A of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, GST and luxury car tax relating to the importation.