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

Schedule 1   Indirect Tax Acts

Part 3   Amendment of the A New Tax System (Wine Equalisation Tax) Act 1999

216   Section 7-5

Repeal the section, substitute:

7-5 Exemption for dealings that are GST-free supplies or non-taxable importations

An *assessable dealing is not taxable if the dealing is:

(a) a *supply that is *GST-free (other than because of Subdivision 38-D (child care) of the *GST Act); or

(b) a *local entry relating to an *importation that is a *non-taxable importation.