Document ID: chunk:federal_register_of_legislation:C2004C01190:clause:2_15
Version: federal_register_of_legislation:C2004C01190
Segment Type: clause
Provision Reference: sch 2 cl 15
Character Range: 66647–67071

15  Subsection 25‑1(3)
Repeal the subsection, substitute:

 (3) The luxury car tax threshold is:
 (a) the car depreciation limit that applied under the former Subdivision 42‑B of the *ITAA 1997; or
 (b) the car limit that applies under section 40‑230 of that Act;
for the year in which the supply of the car occurred or the car was *entered for home consumption.

Bounty and Capitalisation Grants (Textile Yarns) Act 1981