Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)
Schedule 6 Other amendments
A New Tax System (Luxury Car Tax) Act 1999
42 At the end of section 5-20
Add:
Supply of car by lease or hire
(6) The*luxury car tax value of a*car that is supplied by way of lease or hire is the*GST inclusive market value of the car excluding:
(a) any luxury car tax payable on the supply; and
(b) any other*Australian tax, fee or charge, other than*GST and*customs duty; and
(c) the*price of any modifications referred to in subsection (5).
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