Document ID: chunk:federal_register_of_legislation:C2009C00031:clause:1_12
Version: federal_register_of_legislation:C2009C00031
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 4221–4721

12  After subsection 25‑1(3)
Insert:
 (3A) On and from 1 July 2012 the luxury car tax threshold is the luxury car tax threshold as at 30 June 2012 indexed according to a factor to be determined by the Parliament and to apply from 1 July 2012 or, if such a factor is not determined by the Parliament, indexed annually in accordance with the CPI indexation method provided for by Subdivision 960‑M of the *ITAA 1997, calculated using the index number referred to in subsection 960‑280(1) of that Act.