Commonwealth Consolidated Acts

A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 7.20

             (1)  An ^* importation of a ^* car is a non‑taxable re‑importation if:

                     (a)  the car was exported from Australia and is returned to Australia, without having been subject to any treatment, industrial processing, repair, renovation, alteration or any other process since its export; and

                     (b)  the importer:

                              (i)  is the manufacturer of the car; or

                             (ii)  has previously acquired the car, and the supply by means of which the importer acquired the goods was a ^* taxable supply of a luxury car; or

                            (iii)  has previously imported the car, and the previous importation was a ^* taxable importation of a luxury car.

             (2)  An importation of a ^* car is a non‑taxable re‑importation if:

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

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

                     (c)  the car is 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 its export; and

                     (d)  the ownership of the car when it is returned to Australia is the same as its ownership on 1 July 2000.

Note:          An importation covered by this section may also be duty‑free under item 17 of Schedule 4 to the Customs Tariff Act 1995 .