Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 6   Other amendments

A New Tax System (Luxury Car Tax) Act 1999

43   After subsection 13-15(1)

Insert:

(1A) The luxury car tax payable by you on a*taxable supply of a luxury car that is supplied by way of lease or hire is entirely attributable to the first*tax period to which the supply of the car is attributable. This subsection has effect despite section 156-5 of the*GST Act.

Note: Under that section, the luxury car tax could otherwise be payable on a periodic basis.