SALES TAX ASSESSMENT ACT 1992 [Repealed]
Table 1: Assessable dealings
- 1. Table 1 does not apply to a dealing with goods unless the goods are assessable goods immediately before the time of the dealing, and are in Australia at the time of the dealing.
- 2. In Table 1:
- ``notional wholesale purchase price'' means the price (excluding sales tax) for which the taxpayer could reasonably have been expected to purchase the goods by wholesale under an arm's length transaction;
- ``notional wholesale selling price'' means the price (excluding sales tax) for which the taxpayer could reasonably have been expected to sell the goods by wholesale under an arm's length transaction.
- 3. The numbering of items in the Table uses the following pattern:
- For Australian goods, the dealings are divided into 4 groups:
- - wholesale sales begin with AD1
- - retail sales begin with AD2
- - an AOU begins with AD3
- - miscellaneous dealings begin with AD4.
- Imported goods have an additional class of local entry (AD10). The other dealings with imported goods have a number that is 10 higher than the broadly corresponding dealing with Australian goods. For example, AD12b for imported goods corresponds to AD2b for Australian goods.
Table 2: Local entry of imported goods*For amendments to this local entry, see history note at the end of the table.
- 1. If goods are deemed to be entered for home consumption under the Customs Act at a time before the goods are imported, the local entry of the goods is taken to occur immediately after the time of importation.
Table 3: Credit grounds* For amendments to this credit ground, see history note at the end of the table.
Table 3A: Transitional credit grounds