Treasury Laws Amendment (Tax Incentives and Integrity) Act 2025 (29 of 2025)

Schedule 1   Luxury car tax

A New Tax System (Luxury Car Tax) Act 1999

3   Subsection 25-1(6)

Repeal the subsection, substitute:

Indexation

(6) In indexing the *luxury car tax threshold or *fuel-efficient car limit, Subdivision 960-M of the *ITAA 1997 applies as if:

(a) the table in section 960-265 of that Act included an item referring to (as the case may be):

(i) the luxury car tax threshold and subsection (3) of this section; or

(ii) the fuel-efficient car limit and subsection (5) of this section; and

(b) the reference in subsection 960-270(1) of that Act to provisions of that Act included a reference to subsection (3) or (5) of this section (as the case may be); and

(c) the reference in subsection 960-280(2) of that Act to the car limit included a reference to the luxury car tax threshold or fuel-efficient car limit (as the case may be).