Commonwealth Numbered Acts

SALES TAX ASSESSMENT ACT 1992 No. 114, 1992 - SECT 15A

15A.(1) A lease of goods is an eligible short-term lease if the goods are
covered by an agreement under subsection (2).
(2) The Commissioner and a person ("the lessor") who grants leases of goods in
the course of a business may agree on a percentage (other than nil) as the
exempt percentage in relation to goods of a particular kind. The percentage
agreed on must be the percentage of the statutory period during which it is
agreed to be likely that the goods will be used by the lessor for lease (other
than eligible long-term lease) to persons who, or whose sub-lessees, intend to
use the goods during the whole of the term of the lease or sub-lease so as to
satisfy one or more exemption Items.

(3) The Commissioner and the lessor may agree on a percentage (other than
nil) as the exempt percentage in relation to goods ("the associated goods") of
a particular kind that are for use by the lessor exclusively:

   (a)  as parts, accessories, fittings or attachments for goods that are
        covered by an agreement with the lessor under subsection (2); or

   (b)  so as to become an integral part of goods that are covered by such an
        agreement. The percentage agreed on must be the percentage of the
        statutory period during which it is agreed to be likely that the use
        of the associated goods as mentioned in paragraph (a) or (b) will
        satisfy one or more exemption Items.

(4) The Commissioner and the lessor may, subject to subsection (5), agree on a
percentage as the exempt percentage in relation to goods of a particular kind
that are for use by the lessor exclusively for repairing or maintaining other
goods that are:

   (a)  covered by an agreement with the lessor under subsection (2); and

   (b)  for use so as to satisfy one or more of exemption Items 1, 2,18, 23,
        28, 29, 30, 33, 34, 35, 36 and 38. The percentage agreed on must be
        the percentage of the statutory period during which it is agreed to be
        likely that the other goods will satisfy the requirements of
        paragraphs (a) and (b).

(5) The Commissioner and the lessor must not make an agreement under
subsection (4) unless the percentage to be specified is greater than 50%.

(6) An agreement under this section may include conditions that are to be
complied with for the agreement to have effect.