A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 6   Indirect Tax Transition Acts

A New Tax System (Goods and Services Tax Transition) Act 1999

8   Paragraph 16(2)(a)

Repeal the paragraph, substitute:

(a) second-hand goods, unless:

(i) you imported them; and

(ii) nobody was entitled to quote under the Sales Tax Assessment Act 1992 for the importation; and

(iii) you did not hold the goods, at any time prior to 1 July 2000, for a purpose other than for sale or exchange in the ordinary course of business.