SALES TAX (EXEMPTIONS AND CLASSIFICATIONS) ACT 1992 (Repealed)

PART 4 - RATES OF TAX

View history reference

CCH Note: Heading modified by Act Nos 137 to 139 of 1997, s 5 Sch 1 item 1, effective 6 August 1997, by substituting the heading. The heading formerly read: ``THE RATING SCHEDULES''.

SECTION 15   RATES OF TAX  

View history reference

15(1)  [Rates applicable to taxable dealings]  

Schedules 2, 3, 4, 5, 6 and 7 specify the rates of tax that apply to taxable dealings with goods.

CCH Note: S 15(1) modified by Act Nos 51 to 53 of 1993 (as amended by No 95 of 1994) is to have effect as if ``7 and 8'' was substituted by ``and 7'', applicable to dealings with goods on or after 11 May 1994.

S 15(1) modified by Act Nos 51 to 53 of 1993, s 15(1) is to have effect as if ``and 6'' was substituted by ``, 6, 7 and 8'', applicable to dealings with goods on or after 21 October 1993.

S 15(1) modified by Act Nos 48 to 50 of 1993. As a result of the modifications, s 15(1) is to have effect as if ``and 5'' was substituted by ``, 5 and 6'', applicable to dealings with goods on or after 18 August 1993.

The unmodified version of sec 15(1) as originally enacted reads as follows:

Schedules 2, 3, 4, and 5 specify the rates of tax that apply to taxable dealings with goods.

15(2)  [Lower rate to apply]  

If, in a particular case, goods are covered by more than one of those Schedules, then the Schedule with the lower rate applies.

15(3)  [Application of Sch 4 over Sch 5]  

View history reference

If goods were, immediately before the 21st day after the day on which the A New Tax System (Goods and Services Tax) Act 1999 received the Royal Assent, covered by any of items 4 to 14 of Schedule 5, those goods are taken not to be covered by any Schedule other than Schedule 4.

 View history note

 Hide history note

History

S 15(3) inserted by No 57 of 1999, s 3 and Sch 1 item 3, effective 8 July 1999.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.