A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)
Schedule 1 Indirect Tax Acts
Part 1 Amendment of the A New Tax System (Goods and Services Tax) Act 1999
133 Section 195-1 (paragraph (a) of the definition of GST exclusive value )
Repeal the paragraph, substitute:
(a) in relation to an acquisition:
(i) other than of a *luxury car - means 10/11 of the *price of the supply of the thing being acquired; or
(ii) of a *luxury car - means 10/11 of the *price of the supply of the luxury car (excluding any *luxury car tax payable on the supply); and
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