A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Income Tax Assessment Act 1936
22 Section 38
Omit all the words from and including "sale price of the goods", substitute:
sale price of the goods:
(a) the amount for which, at the date the goods were shipped to Australia, goods of the same nature and quality could be purchased by a wholesale buyer in the country of manufacture; and
(b) the expenses incurred in transporting them to and selling them in Australia; and
(c) if the sale is a taxable supply - an amount equal to the net GST payable on the supply.