SALES TAX ASSESSMENT ACT 1992 (Repealed)
PART 3 - LIABILITY TO TAX
Division 4 - Exempt parts of taxable value
SECTION 50A (Repealed by 101 of 2006) AGREEMENTS RELATING TO ELIGIBLE SHORT-TERM LEASES 50A(1) [Exempt part of taxable value] If: (a) the dealing is the granting of an eligible short-term lease of the goods; and (b) the exempt percentage specified in the agreement under subsection 15A(2) is less than 100%; then the exempt part is the taxable value multiplied by the exempt percentage. 50A(2) [Goods to which reduction in taxable value applies] If: (a) the goods that are the subject of the taxable dealing are covered by an agreement under subsection 15A(3) or (4), and are for use exclusively as mentioned in that subsection; and (b) the exempt percentage specified in the agreement is less than 100%; then the exempt part is the taxable value multiplied by the exempt percentage.
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