Commonwealth Numbered Acts

SALES TAX ASSESSMENT ACT 1992 No. 114, 1992 - SECT 50A

50A.(1) If:

   (a)  the dealing is the granting of an eligible short-term lease of the
        goods; and

   (b)  the exempt percentage specified in the agreement under subsection
        15A(2) is less than 100%; then the exempt part is the taxable value
        multiplied by the exempt percentage.

(2) If:

   (a)  the goods that are the subject of the taxable dealing are covered by
        an agreement under subsection 15A(3) or (4), and are for use
        exclusively as mentioned in that subsection; and

   (b)  the exempt percentage specified in the agreement is less than 100%;
        then the exempt part is the taxable value multiplied by the exempt
        percentage.