A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 7   Amendments relating to the Tradex Scheme

Part 1   Amendments commencing before 1 July 2000

Sales Tax Assessment Act 1992

3   Section 5


tradex scheme goods means imported goods that:

(a) are nominated goods (within the meaning of the Tradex Scheme Act 1999) in relation to a tradex order; and

(b) were covered by exemption Item 185A at the time of their local entry.

However, the goods cease to be tradex scheme goods if:

(c) any of the circumstances referred to in subsection 21(1) of that Act occur in respect of any of the goods; or

(d) the goods are exported.