Tax Laws Amendment (Luxury Car Tax) Act 2008 (Cth)

Tax Laws Amendment (Luxury Car Tax) Act 2008

Act No. 101 of 2008 as amended

This compilation was prepared on 6 January 2009

[This Act was amended by Act No. 150 of 2008]

Amendment from Act No. 150 of 2008 [Schedule 1 (item 8) repealed and substituted item 13 of Schedule 1 Schedule 1 (items 8) commenced immediately after on 3 October 2008]

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Luxury car tax A New Tax System (Luxury Car Tax) Act 1999

Schedule 2—Refunds for primary producers and tourism operators A New Tax System (Luxury Car Tax) Act 1999 An Act to amend the law relating to taxation, and for related purposes

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Tax Laws Amendment (Luxury Car Tax) Act 2008.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Luxury car tax

A New Tax System (Luxury Car Tax) Act 1999

1 Subsection 5‑15(1) (formula) Repeal the formula, substitute: where:

rate is the rate applicable under: (a) the A New Tax System (Luxury Car Tax Imposition—General) Act 1999; or (b) the A New Tax System (Luxury Car Tax Imposition—Customs) Act 1999; or (c) the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999.

2 Subsection 7‑15(1) (formula) Repeal the formula, substitute:

3 At the end of subsection 7‑15(1) Add:

rate is the rate applicable under: (a) the A New Tax System (Luxury Car Tax Imposition—General) Act 1999; or (b) the A New Tax System (Luxury Car Tax Imposition—Customs) Act 1999; or (c) the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999.