SALES TAX ASSESSMENT ACT 1992 (Repealed)
PART 11 - MISCELLANEOUS
Division 4 - Miscellaneous
SECTION 128 (Repealed by 101 of 2006) ALTERATION OF CONTRACTS IF COST OF SUPPLYING ETC. ASSESSABLE GOODS IS AFFECTED BY LATER ALTERATION TO SALES TAX LAW 128(1) [Alteration of contracts involving assessable goods] If, after a contract involving assessable goods has been made, an alteration to the sales tax law happens and the alteration directly causes an increase or decrease in the cost to a party to the agreement of complying with the agreement, then the contract is altered as follows: (a) if the cost is increased - by allowing the party to add the increase to the contract price; (b) if the cost is decreased - by allowing the other party to deduct the decrease from the contract price. 128(2) [Contracts not altered] The contract is not altered if: (a) the contract has express written provision to the contrary; or (b) it is clear from the terms of the contract that the alteration of the sales tax law has been taken into account in the agreed contract price.
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