Commonwealth Consolidated Acts

A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 15.35

             (1)  You have a decreasing luxury car tax adjustment if:

                     (a)  you ^* imported a ^* luxury car; and

                     (b)  luxury car tax was payable on the importation because you did not ^* quote for the importation; and

                     (c)  you were ^* registered at the time of the importation; and

                     (d)  you intend to use the car for a ^* quotable purpose; and

                     (e)  you have only used the car for a quotable purpose.

             (2)  The ^* decreasing luxury car tax adjustment is equal to the amount of luxury car tax that was payable on the importation.

             (3)  You have an increasing luxury car tax adjustment if

                     (a)  you ^* imported a ^* luxury car; and

                     (b)  either:

                              (i)  no luxury car tax was payable on the importation because you ^* quoted for the importation; or

                             (ii)  you had a decreasing luxury car tax adjustment under subsection (1); and

                     (c)  you used the car for a purpose other than a ^* quotable purpose.

             (4)  The ^* increasing luxury car tax adjustment is equal to:

                     (a)  the amount of luxury car tax that you would have had to pay if you had not ^* quoted for the ^* importation; or

                     (b)  the amount of the decreasing luxury car tax adjustment;

whichever is relevant.