S 8 repealed by No 101 of 2006, s 3 and Sch 5 item 9, effective 14 September 2006. For application and saving provisions see history note for s 5(3). S 8 formerly read:
8 Effect on sales tax
(1)
No sales tax is payable on an assessable dealing to the extent that a supply or importation in respect of the dealing is made on or after 1 July 2000.
Note 1:
If sales tax has been paid, a credit will arise for the amount overpaid, to the extent that the claimant has not passed it on: see CR1 in Table 3 in Schedule 1 to the
Sales Tax Assessment Act 1992
.
Note 2:
For the end of sales tax generally, see the
A New Tax System (End of Sales Tax) Act 1999
.
Note 3:
Sales tax may still apply to supplies during trading periods spanning midnight on 30 June 2000: see section 6A.
History
S 8(1) amended by No 92 of 2000, s 3 and Sch 10A item 4, by inserting Note 3, effective 30 June 2000.
(2)
Despite the
A New Tax System (End of Sales Tax) Act 1999
, if:
(a)
all or part of a supply or importation in respect of an assessable dealing is made before that Act commences (even if it is also made before this Act commences); and
(b)
the time of the dealing is on or after 1 July 2000;
for the purpose of determining the extent (if any) to which sales tax is payable on the dealing, the time of the dealing is taken to be immediately before that Act commences.
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