(1) The
"dutiable value" of a vehicle that has not previously been registered, whether
in Queensland or another State, and for which there is a list price is the
total of the following—
(a) the vehicle’s list price;
(b) the price of
all items of optional equipment not included in the list price.
(2) The
"dutiable value" of a vehicle that has previously been registered, whether in
Queensland or another State, or for which there is no list price is the
greater of the following—
(a) the total consideration, in monetary terms,
payable by the purchaser including any deposit, trade-in allowance and the
price of all items of optional equipment;
(b) the market value of the
vehicle.
(3) However, if a vehicle is modified for a person with a
disability, the
"dutiable value" of the vehicle is—
(a) for a vehicle mentioned in
subsection (1) —the amount worked out under subsection (1) reduced by the
value of the modifications; or
(b) for a vehicle mentioned in subsection (2)
—the market value of the vehicle without having regard to the value of the
modifications.
