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

Schedule 7   Amendments relating to the Tradex Scheme

Part 1   Amendments commencing before 1 July 2000

Sales Tax Assessment Act 1992

4   After section 10

Insert:

10A Tradex scheme goods: affects meaning of Australian-used goods

(1) This section applies to goods if they were tradex scheme goods and are no longer tradex scheme goods.

(2) In applying the sales tax law at or after the time such a circumstance occurs, or the goods are exported, the goods are not taken to be Australian-used goods only because of an AOU of the goods that happened during the period:

(a) starting when the goods became tradex scheme goods; and

(b) ending when the goods ceased to be tradex scheme goods.