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WPSL 2002/1

COMMONWEALTH OF AUSTRALIA

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

For the purposes of subsection 19B(9) of the A New Tax System (Goods and Services Tax Transition) Act 1999 I make the following determination:

Citation

1. This determination may be cited as the A New Tax System (Goods and Services Tax Transition) Working Out Price of Supply for Lessees Determination.

Commencement

2. This determination commences 10th November 2002.

Determining the price of the supply where the lessee is unable to find out the price at which the car was sold

3. The price of the supply can be worked out by reference to the market value of the car at the time of supply as specified in a recognised industry guide.


Dated this 14th day of November 2002.

Tracey Nicholson

Assistant Commissioner

Goods and Services Tax - Law and Interpretation

Delegate of the Commissioner


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