A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 2   Customs Act 1901

Part 1   Amendments commencing on Royal Assent

13   Subsection 162A(7)

Omit all the words from and including "until" to and including "imported", substitute:

until:

(a) no duty is, or may become, payable on goods to which the security relates that have been imported; and

(b) no GST is, or may become, payable on the taxable importation (as defined in the GST Act), if any, that is associated with the import of the goods; and

(c) no luxury car tax is, or may become, payable on the taxable importation of a luxury car (as defined the Luxury Car Tax Act), if any, that is associated with the import of the goods.