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Tax Laws Amendment (Luxury Car Tax) Bill 2008

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 .