A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Schedule 6 Indirect Tax Transition Acts
A New Tax System (Goods and Services Tax Transition) Act 1999
8 Paragraph 16(2)(a)
Repeal the paragraph, substitute:
(a) second-hand goods, unless:
(i) you imported them; and
(ii) nobody was entitled to quote under the Sales Tax Assessment Act 1992 for the importation; and
(iii) you did not hold the goods, at any time prior to 1 July 2000, for a purpose other than for sale or exchange in the ordinary course of business.
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