Document ID: chunk:federal_register_of_legislation:C2004A00749:clause:6_43
Version: federal_register_of_legislation:C2004A00749
Segment Type: clause
Provision Reference: sch 6 cl 43
Character Range: 71718–72216

43  After subsection 13‑15(1)
Insert:

 (1A) The luxury car tax payable by you on a *taxable supply of a luxury car that is supplied by way of lease or hire is entirely attributable to the first *tax period to which the supply of the car is attributable. This subsection has effect despite section 156‑5 of the *GST Act.

Note: Under that section, the luxury car tax could otherwise be payable on a periodic basis.

A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999