A New Tax System (Luxury Car Tax) Act 1999

Part 3 - Paying the luxury car tax  

Division 15 - Adjustments  

Subdivision 15-A - General adjustments  

15-5   Luxury car tax adjustment event  

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 .

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.

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 .


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.

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