Commonwealth Consolidated Acts

A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 5.10

  (1)   You make a taxable supply of a luxury car if:

  (a)   you supply a * luxury car; and

  (b)   the supply is made in the course or furtherance of an * enterprise that you * carry on; and

  (c)   the supply is * connected with the indirect tax zone ; and

  (d)   you are * registered, or * required to be registered.

  (2)   However, you do not make a taxable supply of a luxury car if:

  (a)   the * recipient * quotes for the supply of the car; or

  (b)   the car is * more than 2 years old; or

  (c)   you export the car in circumstances where the export is * GST - free under Subdivision   38 - E of the * GST Act.

  (3)   A * car is more than 2 years old at the time of a supply if:

  (a)   for a car that has not been * imported--the car was manufactured more than 2 years before the time of the supply; or

  (b)   the car was * entered for home consumption more than 2 years before the time of the supply.