Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 4   AMENDMENT OF THE SALES TAX LAW

Division 2   Amendments to provide a credit for export alteration goods

131   Insertion of new section

After section 9 of the Principal Act the following section is inserted:

Export alteration goods: affects meaning of "Australian-used goods"

"9A.(1) This section applies to Australian-used goods if:

(a) the export of the goods gave rise to a CR23 credit in relation to the goods or goods that became an integral part of the goods; and

(b) the goods are later imported.

"(2) In applying the sales tax law at or after the time of the importation, the goods are not taken to be Australian-used goods only because of an AOU of the goods that happened before they were exported as mentioned in paragraph (1)(a).".