Commonwealth Consolidated Acts

A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 15.5

  (1)   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.