A New Tax System (Luxury Car Tax) Act 1999
A luxury car tax adjustment event is any event which has the effect of:
(a) cancelling a supply of a * luxury car ; or
(b) changing the * consideration for the supply; or
(c) causing the supply to become, or stop being, a * taxable supply of a luxury car .
(2)
Without limiting subsection (1) , these are * luxury car tax adjustment events :
(a) the return to a supplier of a * car supplied (whether or not the return involves a change of ownership of the car);
(b) a change to the previously agreed * consideration for a supply of a car, whether due to the offer of a discount or otherwise.
(3)
A * luxury car tax adjustment event can arise in relation to a supply of a * car even if it is not a * taxable supply of a luxury car .
(4)
However, the return of a *luxury car to its supplier is not an *adjustment event if the return is for the purpose of repair or maintenance.
View history note
Hide history note
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.
