Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 9   SALES TAX

Part 2   SALES TAX ASSESSMENT ACT 1992

11   Schedule 1, after Table 3

Insert:

"Table 3A: Transitional credit grounds

TCR1

(2) Summary of ground

Transitional credit for a transitional exempt UHF television

transmitter dealing

(3) Details of ground

Claimant has borne tax on a transitional exempt UHF

television transmitter dealing within the meaning of item 7

of Schedule 9 to the Taxation Laws Amendment Act (No. 2)

1995.

(4) Dealings to which it applies

dealings with goods on or after 1 September 1993 and

before the commence- ment of item 5 of Schedule 9 to

the Taxation Laws Amendment Act (No. 2) 1995

(5) Amount of credit

the tax borne , to the extent that the claimant

has not passed it on

(6) Time credit arises

at the commence- ment of item 5 of Schedule

9 to the Taxation Laws Amendment Act (No. 2)

1995

TCR2

(2) Summary of ground

Transitional credit for State/Territory bodies

(3) Details of ground

Claimant has borne tax on a tax bearing dealing with goods.

The claimant was not entitled to quote for the dealing, but

would have been if exemption Item 126A had been in force at

the time of the dealing. The claimant is not excluded from

this credit ground by regulations made for the purposes of

this credit ground.

(4) Dealings to which it applies

dealings with goods on or after 1 July 1994 and before

1 July 1995

(5) Amount of credit

the tax borne to the extent that the claimant

has not passed it on

(6) Time credit arises

at the commencement of regulations excluding

bodies from this credit ground

TCR3

(2) Summary of ground

Transitional credit for State/Territory bodies

(3) Details of ground

Claimant has borne tax on a tax bearing dealing with goods.

The claimant was not entitled to quote for the dealing, but

would have been if exemption Item 126A had been in force at

the time of the dealing. The claimant is not excluded from

this credit ground by regulations made for the purposes of

this credit ground.

(4) Dealings to which it applies

dealings with goods on or after 1 July 1995 and before

the commencement of item 22 of Schedule 1 of the

Taxation Laws Amendment Act (No. 2) 1995 the

(5) Amount of credit

tax borne to the extent that the claimant has

not passed it on

(6) Time credit arises

at the commencement of regulations excluding

bodies from this credit ground".