Source: https://www.legislation.gov.au/Details/C2004A00463
Timestamp: 2020-07-07 19:33:13
Document Index: 455461822

Matched Legal Cases: ['art 2', 'art 2', 'art 3', 'art 4', 'art 5', 'art 2', 'art 3', 'art 5']

Details: C2004A00463
- C2004A00463
Act No. 76 of 1999 as made
Originating Bill: A New Tax System (Luxury Car Tax) Bill 1999
C2004A00463
2‑25 Administration, collection and recovery provisions (Part VI of the Taxation Administration Act 1953)
Part 2-Luxury car tax
13‑5 Luxury car tax added to net amount
Subdivision 13‑B—Paying luxury car tax on taxable importations of luxury cars
13‑20 Paying luxury car tax on taxable importations of luxury cars
Division 25—Meaning of some important concepts
25‑5 Meaning of approved form
1-1......... Short title............................................................................................ 1
1-2......... Commencement.................................................................................. 2
1-3......... States and Territories are bound by the luxury car tax law................ 2
Division 2—Overview of the luxury car tax legislation 3
2-1......... What this Act is about........................................................................ 3
2-5......... Luxury car tax (Part 2)........................................................................ 3
2-10....... Paying the luxury car tax (Part 3)....................................................... 3
2-15....... Miscellaneous (Part 4)........................................................................ 4
2-20....... Interpretative provisions (Part 5)....................................................... 4
2-25....... Administration, collection and recovery provisions (Part VI of the Taxation Administration Act 1953) 4
Division 3—Identifying defined terms 5
3-1......... When defined terms are identified...................................................... 5
3-5......... When terms are not identified............................................................. 5
Division 4—Non-operative material 6
4-5......... Explanatory sections.......................................................................... 6
4-10....... Other material..................................................................................... 6
Part 2—Luxury car tax 7
Division 5—Taxable supplies of luxury cars 7
5-1......... What this Division is about................................................................ 7
5-5......... Liability for luxury car tax.................................................................. 7
5-10....... Taxable supplies of luxury cars.......................................................... 7
5-15....... The amount of luxury car tax payable................................................ 8
5-20....... The luxury car tax value of a car........................................................ 8
7-1......... What this Division is about.............................................................. 10
7-5......... Liability for luxury car tax on taxable importations......................... 10
7-10....... Taxable importations of luxury cars................................................. 10
7-15....... The amount of luxury car tax............................................................ 11
Division 9—Quoting 12
9-1......... What this Division is about.............................................................. 12
9-5......... Quoting............................................................................................. 12
9-10....... Periodic quoting................................................................................ 12
9-15....... Manner in which quote must be made.............................................. 13
9-20....... Incorrect quote nevertheless effective for certain purposes............. 13
9-25....... Quote not effective for certain purposes if there are grounds for believing it was improperly made 13
9-30....... Improper quoting is an offence......................................................... 14
Part 3—Paying the luxury car tax 15
Division 13—Paying the luxury car tax 15
13-1....... What this Division is about.............................................................. 15
Subdivision 13-A—Net amounts and adjustments 15
13-5....... Luxury car tax added to net amount................................................. 15
13-10..... Adjustments..................................................................................... 15
13-15..... Attribution rules for taxable supplies of luxury cars and luxury car tax adjustments 16
Subdivision 13-B—Paying luxury car tax on taxable importations of luxury cars 16
13-20..... Paying luxury car tax on taxable importations of luxury cars........... 16
13-25..... Security or undertaking given under section 162 or 162A of the Customs Act 17
13-30..... Application of Division 165 of the GST Act................................... 17
Division 15—Adjustments 18
15-1....... What this Division is about.............................................................. 18
Subdivision 15-A—General adjustments 18
15-5....... Luxury car tax adjustment event....................................................... 18
15-10..... Where adjustments for luxury car tax arise....................................... 18
15-15..... Previously attributed luxury car tax amounts................................... 19
15-20..... Increasing adjustments for supplies................................................. 19
15-25..... Decreasing adjustments for supplies................................................ 20
Subdivision 15-B—Change of use adjustments 20
15-30..... Changes of use—supplies of luxury cars......................................... 20
15-35..... Changes of use—importing luxury cars............................................ 21
Subdivision 15-C—Bad debts adjustments 21
15-40..... Writing off bad debts........................................................................ 21
15-45..... Recovering amounts previously written off..................................... 22
Division 17—Credits 23
17-1....... What this Division is about.............................................................. 23
17-5....... Credits for tax borne......................................................................... 23
17-10..... Claiming credits................................................................................ 24
Division 21—Miscellaneous 25
21-1....... Commonwealth etc. not liable to pay luxury car tax........................ 25
21-5....... Cancellation of exemptions from luxury car tax............................... 25
21-10..... Agreement with Commissioner regarding calculation of luxury car tax values 26
21-15..... Application of the Criminal Code.................................................... 26
21-20..... Regulations....................................................................................... 26
Part 5—Rules for interpreting this Act 27
Division 23—What forms part of this Act 27
23-1....... What forms part of this Act............................................................. 27
23-5....... What does not form part of this Act................................................ 27
23-10..... Explanatory sections, and their role in interpreting this Act............ 27
Division 25—Meaning of some important concepts 29
25-1....... Meaning of luxury car...................................................................... 29
25-5....... Meaning of approved form............................................................... 29
Division 27—The Dictionary 30
27-1....... Dictionary......................................................................................... 30
(1) Amounts of luxury car tax are included in net amounts under the GST system. This has the effect of incorporating the luxury car tax into the payments and refunds system for the GST. However, luxury car tax on importations is paid with customs duty (where appropriate). (Division 13)
2-25 Administration, collection and recovery provisions (Part VI of the Taxation Administration Act 1953)
Part VI of the Taxation Administration Act 1953 contains provisions relating to the administration of the luxury car tax, and to the collection and recovery of amounts of luxury car tax.
(2) Most defined terms in this Act are identified by an asterisk appearing at the start of the term: as in “*luxury car”. The footnote that goes with the asterisk contains a signpost to the Dictionary definitions in section 27-1.
(b) the car was imported more than 2 years before the time of the supply.
(3) In determining the luxury car tax that was payable in respect of any previous *importation or supply of a *car for the purposes of paragraph (2)(b), take into account *luxury car tax adjustments (if any) other than luxury car tax adjustments made under Subdivision 15-C (bad debts adjustments).
(b) any other *Australian tax, other than *GST and *customs duty;
(1) You make a taxable importation of a luxury car if you *import the *luxury car.
(c) the car is covered by item 17, 18A, 18B, 18C, 21 or 24 in Schedule 4 to the Customs Tariff.
(4) To avoid doubt, a reference to a car that is covered by an item in Schedule 4 to the Customs Tariff includes a reference to a car to which that item would apply if the car were dutiable goods within the meaning of the Customs Act 1901.
(d) any *GST payable in respect of the importation of the car and of any car parts, accessories or attachments covered by subsection 7-10(2).
(c) exporting the car in circumstances where the export is *GST-free under Subdivision 38-E of the*GST Act.
(5) Section 9-25 applies to a *quote that you are treated as having made under subsection (2) of this section for a particular supply.
If you *quote in circumstances in which you are not entitled to quote, or the quote is not in the *approved from, the quote is nevertheless effective for the purpose of subsection 5-10(2) or 7-10(3) (whichever is relevant), unless section 9-25 applies.
Note: Division 165 (Anti-avoidance) of the GST Act will cover avoidance schemes relating to luxury car tax so far as they affect net amounts, because such schemes affect amounts payable under the GST Act.
Subdivision 13-A—Net amounts and adjustments
13-5 Luxury car tax added to net amount
Your *net amount for a *tax period is increased by adding the sum of all of the amounts of luxury car tax (if any) that are attributable to that tax period, other than amounts on *taxable importations of luxury cars.
Note: For the basic rules on attribution of taxable supplies, see section 29-5 of the GST Act.
Note: For the basic rules on attribution of adjustments, see section 29-20 of the GST Act.
Subdivision 13-B—Paying luxury car tax on taxable importations of luxury cars
13-20 Paying luxury car tax on taxable importations of luxury cars
Luxury car tax on a *taxable importation of a luxury car is to be paid by the importer to the Commonwealth:
Note: The regulations could (for example) allow for deferral of payments to coincide with payments of net amounts.
(2) This section has effect despite section 13-20.
Subdivision 15-A—General adjustments
Subdivision 15-B—Change of use adjustments
15-35 Changes of use—importing luxury cars
Subdivision 15-C—Bad debts adjustments
(c) you write off as bad the whole or a part of the debt.
(a) the amount of luxury car tax that was payable by you on the supply; minus
(a) you made a *taxable supply of a luxury car in relation to which you had a *decreasing luxury car tax adjustment under section 15-40 for a debt written off as bad; and
(1) The Commonwealth and *Commonwealth entities are not liable to pay luxury car tax payable under this Act. However, it is the Parliament’s intention that the Commonwealth and Commonwealth entities should:
(2) The *Finance Minister may give such written directions as are necessary or convenient for carrying out or giving effect to subsection (1) and, in particular, may give directions in relation to the transfer of *money within an account, or between accounts, operated by the Commonwealth or a *Commonwealth entity.
(4) Commonwealth entity means:
(b) specially fitted out for transporting *disabled people seated in wheelchairs (unless the supply of the car is *GST-free under Subdivision 38-P of the *GST Act).
(3) The luxury car tax threshold is the car depreciation limit that applies under Subdivision 42-B of the *ITAA 1997 for the year in which the supply of the car occurred.
(1) A notice, application or other document is in the approved form if:
(2) The *Commissioner may combine in the same approved form more than one notice, application or other document.
luxury car tax threshold has the meaning given by subsection 25-1(3).
(a) in relation to the *supply of the car—the value given by section 5-20; or
(b) in relation to the *importation of the car—the value given by section 7-15.