Commonwealth Numbered Acts

SALES TAX LAWS AMENDMENT ACT 1990 No. 55, 1990 - SCHEDULE 1

                           SCHEDULE 1                         Section 7

NEW SCHEDULE TO BE INSERTED IN THE
SALES TAX (EXEMPTIONS AND CLASSIFICATIONS) ACT 1935

"SIXTH SCHEDULE
Section 6B
Item No.     Specification of Goods

1.           (1)  Motor vehicles (including vehicles known as four-wheel drive

vehicles) that are motor cars or station wagons

(2) Sub-item (1) does not apply in relation to a transaction, act
or operation effected or done in relation to a motor vehicle
unless the sale value of the motor vehicle for the purposes of the
relevant Sales Tax Assessment Act exceeds the amount calculated
using the formula: Depreciation limit
              1<         (Sales

    (--------------------)        +         tax

     1-Statutory fraction                   rate)

where:
'Depreciation limit' means:

   (a)  in the case of a transaction, act or operation effected or
done in the period that commenced on 1 May 1990 and ends on 30 June
1990-$42,910; or

   (b)  in the case of a transaction, act or operation effected or
done in the period of 12 months commencing on 1 July 1990 or a
period of 12 months commencing on any subsequent 1 July-the motor
vehicle depreciation limit as determined under section 57AF of the
Income Tax Assessment Act 1936 in relation to the year of income
that commences on that 1 July;
'Statutory fraction' means 0.225 or such other decimal fraction
as the Commissioner determines by notice in writing served on the
taxpayer;
'Sales tax rate' means the rate of sales tax imposed by the
Sales Tax Act (No. 1) 1930, as in force at the time when the transaction,
act or operation is effected or done, in respect of goods covered
by the Fifth Schedule, being that rate expressed as a decimal
fraction

(3) Sub-item (1) does not apply to motor vehicles that are
specially fitted out for transporting disabled persons seated in
wheelchairs".