A New Tax System (Goods and Services Tax) Act 1999
Note:
The special rules in this Part mainly modify the operation of Part 2-7 , but they may affect other Parts of Chapter 2 in minor ways.
Division 171 - Customs security etc. given on taxable importations 171-5 Security or undertaking given under section 162 or 162A of the Customs Act (1)An amount of * assessed GST on a * taxable importation of goods is not payable if:
(a) a security or undertaking described in section 162 of the Customs Act 1901 has been given; and
(b) the provisions of the regulations mentioned in paragraph 162(3)(a) of that Act are complied with; and
(c) either:
(i) the goods are exported within the relevant period mentioned in paragraph 162(3)(b) of that Act; or
(ii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162(3)(b) of that Act apply in relation to the goods.
Note:
Section 162 of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.
View history note
Hide history note(1A)
An amount of *assessed GST on a * taxable importation of goods is not payable if:
(a) a security or undertaking described in section 162A of the Customs Act 1901 has been given; and
(b) the goods are not dealt with in contravention of regulations made for the purposes of that section; and
(c) one or more of the following applies:
(i) the goods are exported within the relevant period mentioned in paragraph 162A(5)(b) of that Act;
(ii) if the goods are described in subsection 162A(5A) of that Act - the goods are exported before the end of the relevant day mentioned in paragraph 162A(5A)(b) of that Act;
(iii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162A(5)(b) of that Act apply in relation to the goods.
Note:
Section 162A of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.
(2)
This section has effect despite section 33-15 (which is about payments of amounts of assessed GST on importations).
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.
