SALES TAX ASSESSMENT ACT 1992 No. 114, 1992 - SECT 16 General rules for taxing assessable dealings

SALES TAX ASSESSMENT ACT 1992 No. 114, 1992 - SECT 16

16.(1) Table 1 sets out all the assessable dealings that can be subject to
sales tax.

(2) If the time of an assessable dealing (as specified in column 4 of the
Table) is on or after the first taxing day, and no exemption applies under
Division 2 of this Part, then:

   (a)  the dealing is a taxable dealing;

   (b)  the person specified in column 3 is the person liable to the tax;

   (c)  the tax becomes payable at the time of the dealing, as specified in
        column 4;

   (d)  the tax is due for payment at the time that applies under Division 2
        of Part 5.

(3) To calculate the amount of the tax:

   (a)  determine the taxable value of the dealing under Division 3 of this
        Part;

   (b)  deduct any exempt part of the taxable value that applies under
        Division 4 of this Part;

   (c)  multiply the result by the rate that applies under the Exemptions and
        Classifications Act.