SALES TAX ASSESSMENT ACT 1992 (Repealed)
PART 3 - LIABILITY TO TAX
Division 3 - Taxable value
Subdivision C - Substitute taxable value in special cases
SECTION 42A (Repealed by 101 of 2006) LUXURY MOTOR VEHICLES 42A The taxable value of a taxable dealing with goods covered by Item 1 of Schedule 6 to the Exemptions and Classifications Act, other than goods to which section 49 of this Act applies, is reduced by:34.296% x Motor vehicle depreciation limit for the financial year in which the taxable dealing happens.
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