Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 76 of 1999 as amended
This compilation was prepared on 7 July 2006
incorporating amendments up to Act No. 73 of 2006
The text of any of those amendments not in force
on that date is appended in the Notes section
The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra
Contents
Part 1—Preliminary 1
Division 1—Preliminary 1
1‑1......... Short title see Note 1]....................................................................... 1
1‑2......... Commencement.................................................................................. 1
1‑3......... States and Territories are bound by the luxury car tax law................ 1
Division 2—Overview of the luxury car tax legislation 2
2‑1......... What this Act is about........................................................................ 2
2‑5......... Luxury car tax (Part 2)........................................................................ 2
2‑10....... Paying the luxury car tax (Part 3)....................................................... 2
2‑15....... Miscellaneous (Part 4)........................................................................ 3
2‑20....... Interpretative provisions (Part 5)....................................................... 3
2‑25....... Administration, collection and recovery provisions in the Taxation Administration Act 1953 3
Division 3—Identifying defined terms 4
3‑1......... When defined terms are identified...................................................... 4
3‑5......... When terms are not identified............................................................. 4
3‑10....... Identifying the defined term in a definition........................................ 4
Division 4—Non‑operative material 5
4‑1......... Non‑operative material....................................................................... 5
4‑5......... Explanatory sections.......................................................................... 5
4‑10....... Other material..................................................................................... 5
Part 2—Luxury car tax 6
Division 5—Taxable supplies of luxury cars 6
5‑1......... What this Division is about................................................................ 6
5‑5......... Liability for luxury car tax.................................................................. 6
5‑10....... Taxable supplies of luxury cars.......................................................... 6
5‑15....... The amount of luxury car tax payable................................................ 7
5‑20....... The luxury car tax value of a car........................................................ 7
Division 7—Taxable importations of luxury cars 10
7‑1......... What this Division is about.............................................................. 10
7‑5......... Liability for luxury car tax on taxable importations......................... 10
7‑10....... Taxable importations of luxury cars................................................. 10
7‑15....... The amount of luxury car tax............................................................ 11
7‑20....... Meaning of non‑taxable re‑importation............................................ 12
Division 9—Quoting 13
9‑1......... What this Division is about.............................................................. 13
9‑5......... Quoting............................................................................................. 13
9‑10....... Periodic quoting................................................................................ 13
9‑15....... Manner in which quote must be made.............................................. 14
9‑20....... Incorrect quote nevertheless effective for certain purposes............. 14
9‑25....... Quote not effective for certain purposes if there are grounds for believing it was improperly made 14
9‑30....... Improper quoting is an offence......................................................... 15
Part 3—Paying the luxury car tax 16
Division 13—Paying the luxury car tax 16
13‑1....... What this Division is about.............................................................. 16
Subdivision 13‑A—Net amounts and adjustments 16
13‑5....... Luxury car tax added to net amount................................................. 16
13‑10..... Adjustments..................................................................................... 16
13‑15..... Attribution rules for taxable supplies of luxury cars and luxury car tax adjustments 17
Subdivision 13‑B—Paying luxury car tax on taxable importations of luxury cars 18
13‑20..... Paying luxury car tax on taxable importations of luxury cars........... 18
13‑25..... Security or undertaking given under section 162 or 162A of the Customs Act 18
13‑30..... Application of Division 165 of the GST Act................................... 19
Division 15—Adjustments 20
15‑1....... What this Division is about.............................................................. 20
Subdivision 15‑A—General adjustments 20
15‑5....... Luxury car tax adjustment event....................................................... 20
15‑10..... Where adjustments for luxury car tax arise....................................... 21
15‑15..... Previously attributed luxury car tax amounts................................... 21
15‑20..... Increasing adjustments for supplies................................................. 21
15‑25..... Decreasing adjustments for supplies................................................ 22
Subdivision 15‑B—Change of use adjustments 22
15‑30..... Changes of use—supplies of luxury cars......................................... 22
15‑35..... Changes of use—importing luxury cars............................................ 23
Subdivision 15‑C—Bad debts adjustments 23
15‑40..... Writing off bad debts........................................................................ 23
15‑45..... Recovering amounts previously written off..................................... 24
Division 16—GST groups and GST joint ventures 26
16‑1....... What this Division is about.............................................................. 26
Subdivision 16‑A—Members of GST groups 26
16‑5....... Who is liable for luxury car tax......................................................... 26
16‑10..... Luxury car tax adjustments............................................................... 26
Subdivision 16‑B—Participants in GST joint ventures 27
16‑15..... Who is liable for luxury car tax......................................................... 27
16‑20..... Luxury car tax adjustments............................................................... 27
16‑25..... Additional net amounts relating to GST joint ventures.................... 27
Division 17—Credits 29
17‑1....... What this Division is about.............................................................. 29
17‑5....... Credits for tax borne......................................................................... 29
17‑10..... Claiming credits................................................................................ 30
Part 4—Miscellaneous 31
Division 21—Miscellaneous 31
21‑1....... Commonwealth etc. not liable to pay luxury car tax........................ 31
21‑5....... Cancellation of exemptions from luxury car tax............................... 31
21‑10..... Agreement with Commissioner regarding calculation of luxury car tax values 32
21‑15..... Application of the Criminal Code.................................................... 32
21‑20..... Regulations....................................................................................... 32
Part 5—Rules for interpreting this Act 33
Division 23—What forms part of this Act 33
23‑1....... What forms part of this Act............................................................. 33
23‑5....... What does not form part of this Act................................................ 33
23‑10..... Explanatory sections, and their role in interpreting this Act............ 33
Division 25—Luxury cars 35
25‑1....... Meaning of luxury car...................................................................... 35
Division 27—The Dictionary 36
27‑1....... Dictionary......................................................................................... 36
Notes 43
An Act about a luxury car tax to implement A New Tax System, and for related purposes
Notes to the A New Tax System (Luxury Car Tax) Act 1999 Note 1 The A New Tax System (Luxury Car Tax) Act 1999 as shown in this
compilation comprises Act No. 76, 1999 amended as indicated in the Tables below. For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001. For all other relevant information pertaining to application, saving or transitional provisions see Table A. Table of Acts
|
Act |
Number |
Date |
Date of commencement |
Application, saving or transitional provisions |
|
76, 1999 |
8 July 1999 |
1 July 2000 |
| |
|
A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 |
176, 1999 |
22 Dec 1999 |
Schedule 1 (items 169–186, 188, 191–202): (a) |
— |
|
A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 |
177, 1999 |
22 Dec 1999 |
Schedule 1 (items 163–169): (b) |
— |
|
44, 2000 |
3 May 2000 |
Schedule 3 (items 2, 3): (c) |
— | |
|
92, 2000 |
30 June 2000 |
Schedule 11 (item 16F): (d) |
S. 2(7) (am. by 156, 2000, Sch. 7 (item 18)) | |
|
as amended by |
|
|
|
|
|
156, 2000 |
21 Dec 2000 |
Schedule 7 (item 18): (da) |
— | |
|
156, 2000 |
21 Dec 2000 |
Schedule 2 (items 13–18, 25(2)), Schedule 6 (items 42, 43, 49(1)): Royal Assent (e) |
Sch. 2 (item 25(2), Sch. 6 (item 49(1)) | |
|
Corporations (Repeals, Consequentials and Transitionals) Act 2001 |
55, 2001 |
28 June 2001 |
Ss. 4–14 and Schedule 3 (item 35): 15 July 2001 (see Gazette 2001, No. S285) (f) |
Ss. 4–14 |
|
New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 |
77, 2001 |
30 June 2001 |
Schedule 2 (items 15, 488(1)): Royal Assent (g) |
Sch. 2 (item 488(1)) (am. by 119, 2002, Sch. 3 [item 97]) |
|
as amended by |
|
|
|
|
|
119, 2002 |
2 Dec 2002 |
Schedule 3 (item 97): (h) |
— | |
|
Tax Laws Amendment (Long‑term Non‑reviewable Contracts) Act 2005 |
10, 2005 |
22 Feb 2005 |
Schedule 1 (item 16): 1 July 2005 |
— |
|
Tax Laws Amendment (2006 Measures No. 2) Act 2006 |
58, 2006 |
22 June 2006 |
Schedule 7 (items 18–23): Royal Assent |
— |
|
Fuel Tax (Consequential and Transitional Provisions) Act 2006 |
73, 2006 |
26 June 2006 |
Schedule 5 (items 140–142): 1 July 2006 |
— |
(a) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 1 (items 169–202) only of the A New Tax System (Indirect Tax and Consequential Amendments) Act 1999, subsections 2(3) and (5) of which provide as follows:
(3) Part 2 of Schedule 1 (other than items 187, 189 and 190) commences immediately after the commencement of the A New Tax System (Luxury Car Tax) Act 1999.
(5) Items 127, 133, 187, 189, 190, 232 and 235 of Schedule 1 commence, or are taken to have commenced, on 1 July 2000, or immediately after the commencement of item 9 of Schedule 3 to the A New Tax System (Pay As You Go) Act 1999, whichever is later.
(b) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 1 (items 163–169) only of the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999, subsection 2(3) of which provides as follows:
(3) Part 2 of Schedule 1 to this Act commences immediately after the commencement of Part 2 of Schedule 1 (other than the items for which specific commencement has been provided) to the A New Tax System (Indirect Tax and Consequential Amendments) Act 1999.
Part 2 of Schedule 1 commenced on 1 July 2000.
(c) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 3 (items 2 and 3) only of the A New Tax System (Tax Administration) Act (No. 1) 2000, subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Tax Administration) Act 1999.
Section 1 commenced on 22 December 1999.
(d) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 1 (item 16F) only of the Indirect Tax Legislation Amendment Act 2000, subsection 2(7) of which provides as follows:
(7) Item 16F of Schedule 11 commences immediately after the commencement of Part 2 of Schedule 1 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999.
Part 2 of Schedule 1 commenced on 1 July 2000.
(da) The Indirect Tax Legislation Amendment Act 2000 was amended by Schedule 7 (item 18) only of the Taxation Laws Amendment Act (No. 8) 2000, subsection 2(7) of which provides as follows:
(7) Items 16 to 18 of Schedule 7 are taken to have commenced immediately after the Indirect Tax Legislation Amendment Act 2000 received the Royal Assent.
(e) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 2 (items 13–18) and Schedule 6 (items 42 and 43) only of the Taxation Laws Amendment Act (No. 8) 2000, subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(f) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 3 (item 35) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:
(3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.
(g) The A New Tax System (Luxury Car Tax) Act 1999 was amended by Schedule 2 (item 15) only of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001, subsection 2(1) of which provides as follows:
(1) Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.
(h) The New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 was amended by Schedule 3 (item 97) only of the Taxation Laws Amendment Act (No. 5) 2002, subsection 2(1) (item 9) of which provides as follows:
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.
|
Commencement information | ||
|
Column 1 |
Column 2 |
Column 3 |
|
Provision(s) |
Commencement |
Date/Details |
|
9. Items 79 to 99 of Schedule 3 |
Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 |
30 June 2001 |
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted | |
|
Provision affected |
How affected |
|
Part 1 |
|
|
Division 2 |
|
|
Heading to s. 2‑25............... |
rs. No. 73, 2006 |
|
S. 2‑25................................ |
am. No. 73, 2006 |
|
Part 2 |
|
|
Division 5 |
|
|
S. 5‑10................................ |
am. No. 176, 1999 |
|
S. 5‑20................................ |
am. No. 176, 1999; No. 156, 2000 |
|
Division 7 |
|
|
S. 7‑10................................ |
am. Nos. 176 and 177, 1999; No. 156, 2000 |
|
S. 7‑15................................ |
am. No. 176, 1999 |
|
S. 7‑20................................ |
ad. No. 156, 2000 |
|
Part 3 |
|
|
Division 13 |
|
|
Subdivision 13‑A |
|
|
S. 13‑15.............................. |
am. No. 156, 2000 |
|
Subdivision 13‑B |
|
|
S. 13‑20.............................. |
am. No. 176, 1999 |
|
Note to 13‑20...................... |
No. 44, 2000 |
|
Note 2 to 13‑20................... |
ad. No. 44, 2000 |
|
|
am. No. 73, 2006 |
|
S. 13‑25.............................. |
am. No. 176, 1999; No. 156, 2000 |
|
Division 15 |
|
|
Subdivision 15‑A |
|
|
S. 15‑5................................ |
am. No. 176, 1999 |
|
Subdivision 15‑C |
|
|
S. 15‑40.............................. |
am. Nos. 176 and 177, 1999 |
|
S. 15‑45.............................. |
am. Nos. 176 and 177, 1999 |
|
Division 16 |
|
|
Div. 16 of Part 3.................. |
ad. No. 176, 1999 |
|
S. 16‑1................................ |
ad. No. 176, 1999 |
|
Subdivision 16‑A |
|
|
S. 16‑5................................ |
ad. No. 176, 1999 |
|
S. 16‑10.............................. |
ad. No. 176, 1999 |
|
Subdivision 16‑B |
|
|
S. 16‑15.............................. |
ad. No. 176, 1999 |
|
S. 16‑20.............................. |
ad. No. 176, 1999 |
|
S. 16‑25.............................. |
ad. No. 176, 1999 |
|
Part 4 |
|
|
Division 21 |
|
|
S. 21–1................................ |
am. No. 58, 2006 |
|
Part 5 |
|
|
Division 25 |
|
|
Heading to Div. 25 of Part 5 |
rs. No. 176, 1999 |
|
S. 25‑1................................ |
am. No. 176, 1999; No. 92, 2000 (as am. by No.156, 2000); No. 77, 2001 |
|
S. 25‑5................................ |
rep. No. 176, 1999 |
|
Division 27 |
|
|
S. 27‑1................................ |
am. Nos. 176 and 177, 1999; No. 156, 2000; No. 55, 2001; No. 10, 2005; No. 58, 2006 |
Table A
Application, saving or transitional provisions
Taxation Laws Amendment Act (No. 8) 2000 (No. 156, 2000)
Schedule 2
25 Application
(2) The rest of the amendments made by this Schedule apply, and are taken to have applied, to importations into Australia on or after 1 July 2000.
Schedule 6
49 Application
(1) The amendments made by items 1 to 8, 13 to 19, 22 to 35, 37, 39, 40, 42 and 43 apply, and are taken to have applied, in relation to net amounts for tax periods starting on or after 1 July 2000.
New Business Tax System (Capital Allowances—Transitional and Consequential) Act 2001 (No. 77, 2001)
Schedule 2
488 Application
(1) Subject to this item, the amendments made by this Schedule apply to:
(a) depreciating assets:
(i) you start to hold under a contract entered into after 30 June 2001; or
(ii) you constructed where the construction started after that day; or
(iii) you start to hold in some other way after that day; and
(b) expenditure that does not form part of the cost of a depreciating asset incurred after that day.