A New Tax System (Luxury Car Tax) Act 1999

Part 3 - Paying the luxury car tax  

Division 13 - Paying the luxury car tax  

Subdivision 13-B - Paying assessed luxury car tax on taxable importations of luxury cars  

13-25   Security or undertaking given under section 162 or 162A of the Customs Act  

(1)  


An amount of * assessed luxury car tax on a * taxable importation of a luxury car is not payable if:


(a) a security or undertaking described in section 162 of the Customs Act 1901 has been given; and


(b) the provisions of the regulations mentioned in paragraph 162(3)(a) of that Act are complied with; and


(c) either:


(i) the car is exported within the relevant period mentioned in paragraph 162(3)(b) of that Act; or

(ii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162(3)(b) of that Act apply in relation to the car.
Note:

Section 162 of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.

(1A)  


An amount of * assessed luxury car tax on a * taxable importation of a luxury car is not payable if:


(a) a security or undertaking described in section 162A of the Customs Act 1901 has been given; and


(b) the car is not dealt with in contravention of regulations made for the purposes of that section; and


(c) one or more of the following applies:


(i) the car is exported within the relevant period mentioned in paragraph 162A(5)(b) of that Act;

(ii) if the car is goods described in subsection 162A(5A) of that Act - the goods are exported before the end of the relevant day mentioned in paragraph 162A(5A)(b) of that Act;

(iii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162A(5)(b) of that Act apply in relation to the car.
Note:

Section 162A of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation.

(2)  
This section has effect despite section 13-20 .




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