Document ID: chunk:federal_register_of_legislation:C2022C00033:front:0:p3
Version: federal_register_of_legislation:C2022C00033
Segment Type: other
Provision Reference: 
Character Range: 7054–9754

Act
23‑5.................What does not form part of this Act
23‑10..Explanatory sections, and their role in interpreting this Act
Division 25—Luxury cars
25‑1...............................Meaning of luxury car
Division 27—The Dictionary
27‑1................................Dictionary
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
An Act about a luxury car tax to implement A New Tax System, and for related purposes

Part 1—Preliminary

Division 1—Preliminary

1‑1  Short title
  This Act may be cited as the A New Tax System (Luxury Car Tax) Act 1999.

1‑2  Commencement
  This Act commences on 1 July 2000.

1‑3  States and Territories are bound by the luxury car tax law
  The *luxury car tax law binds the Crown in right of each of the States, of the Australian Capital Territory and of the Northern Territory. However, it does not make the Crown liable to be prosecuted for an offence.

Division 2—Overview of the luxury car tax legislation

2‑1  What this Act is about
  This Act is about the luxury car tax. It is a single stage tax that is imposed on supplies and importations of luxury cars and is in addition to any GST that may be payable. The tax is only calculated on the value of the car that exceeds the luxury car tax threshold.
Note: The luxury car tax is imposed by 3 Acts:
(a) the A New Tax System (Luxury Car Tax Imposition—General) Act 1999; and
(b) the A New Tax System (Luxury Car Tax Imposition—Customs) Act 1999; and
(c) the A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999.

2‑5  Luxury car tax (Part 2)
 (1) Part 2 sets out the rules that establish liability for the luxury car tax. The tax applies to both supplies and importations of luxury cars. (Divisions 5 and 7)
 (2) There is a system of quoting which is designed to prevent the tax becoming payable until the car is sold or imported at the retail level. (Division 9)

2‑10  Paying the luxury car tax (Part 3)
 (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, assessed luxury car tax on importations is paid with customs duty (where appropriate). (Division 13)
 (2) Adjustments to the net amount can arise out of circumstances that occur after the supply or importation of the car. (Division 15)
 (3) Credits can arise for people who are not entitled to an adjustment but who, for example, have paid too much tax. (Division 17)
 (4) Refunds can arise for primary producers and tourism operators in certain circumstances. (Division 18).

2‑15  Miscellaneous (Part 4)
  Part 4 deals