Document ID: chunk:federal_register_of_legislation:F2004C00728:body:0:p5
Version: federal_register_of_legislation:F2004C00728
Segment Type: other
Provision Reference: 
Character Range: 9637–12222

Part II of the Fifth Schedule to the Act.

10A Indirect tax concession scheme — acquisitions

 (1) For paragraph 11C (1) (a) of the Act, acquisitions by the Agency are covered by these Regulations.

 (2) However, an acquisition by the Agency is covered by these Regulations only if, at the time of the acquisition, it was intended for the official use of the Agency.

 (3) For paragraph 11C (1) (a) of the Act, the following acquisitions by the President are covered by these Regulations:
 (a) an acquisition of any of the following, on a single tax invoice for a taxable supply of at least $200 (including indirect tax):
 (i) goods (by purchase or lease);
 (ii) removal of goods services;
 (b) an acquisition of goods that are freed from duties of excise by subregulation 7 (2);
 (c) an acquisition of warehoused goods (within the meaning of the Customs Act 1901), the importation of which is covered by an immunity from taxation (including customs duties) conferred by these Regulations.

 (4) However:
 (a) an acquisition by the President is covered by these Regulations only if, at the time of the acquisition, it was intended for the personal use of the President, or of a member of the family of the President; and
 (b) an acquisition of a motor vehicle for the personal use of the President is covered by these Regulations only if:
 (i) the vehicle was acquired in exceptional circumstances to replace a motor vehicle for which the President received:
 (A) a concession under section 11C of the Act; or
 (B) an exemption from indirect tax under section 11B of the Act; or
 (ii) within the previous 3 years, the President has not received:
 (A) a concession under section 11C of the Act for the acquisition of another motor vehicle; or
 (B) an exemption from indirect tax under section 11B of the Act on the importation of another motor vehicle; and
 (c) an acquisition of a motor vehicle for the personal use of a member of the family of the President is covered by these Regulations only if:
 (i) the vehicle is acquired in exceptional circumstances to replace a motor vehicle for which the President received:
 (A) a concession under section 11C of the Act; or
 (B) an exemption under section 11B of the Act; or
 (ii) the family member is eligible to hold a driver's licence that is valid in Australia and, within the previous 3 years, the President has not received:
 (A) a concession under section 11C of the Act for the acquisition of another motor vehicle for the personal use of a family member; or
 (B) an exemption from indirect tax under section 11B of the Act on the