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Brief
A New Tax System (Luxury Car Tax Imposition—Excise) Act 1999
This Act implements a luxury car tax, imposing a duty of excise. It commences on 1 July 2000.
The rate of luxury car tax is 33%, but only applies to the value of the car that exceeds the luxury car tax threshold set out in the Act.
The Act does not impose a tax on property of any kind belonging to a State.
Key notes and provisions:
- Commencement: 1 July 2000
- Imposition of luxury car tax under section 3(1)
- Rate of luxury car tax: 33%
- Exclusion from taxation for properties owned by States
Amendments
The Act has been amended by the A New Tax System (Luxury Car Tax Imposition—Excise) Amendment Act 2008, which made changes to certain provisions.
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