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

Schedule 2   Imports

A New Tax System (Goods and Services Tax) Act 1999

5   At the end of section 42-10 (before the note)

Add:

(2) An importation of goods is a non-taxable importation if:

(a) the importer had manufactured, acquired or imported the goods before 1 July 2000; and

(b) the goods were exported from Australia before, on or after 1 July 2000; and

(c) the goods are returned to Australia on or after 1 July 2000, without having been subject to any treatment, industrial processing, repair, renovation, alteration or any other process since their export; and

(d) the importer was not entitled to, and did not claim, a payment under Division 168 (about the tourist refund scheme) related to the export of the goods; and

(e) the ownership of the goods when they are returned to Australia is the same as their ownership on 1 July 2000.