Commonwealth Numbered Acts

TREASURY LAWS AMENDMENT (2019 MEASURES NO. 2) ACT 2019 (NO. 94, 2019) - SCHEDULE 2

A New Tax System (Luxury Car Tax) Act 1999

1  Subsection 18-5(3)

Repeal the subsection, substitute:

             (3)  The amount of the refund for a refund entitlement under subsection (2) is the lesser of:

                     (a)  the amount of the luxury car tax described in paragraph (2)(a); and

                     (b)  $10,000.

2  Subsection 18-10(3)

Repeal the subsection, substitute:

             (3)  The amount of the refund for a refund entitlement under subsection (2) is the lesser of:

                     (a)  the amount of the luxury car tax described in paragraph (2)(a); and

                     (b)  $10,000.

3  Application

The amendments made by this Schedule apply to refund-eligible cars supplied or imported on or after 1 July 2019.