13‑25 Security or undertaking given unde13‑25 Security or undertaking given under section 162 or 162A of the Customs Act

#### 13‑25 Security or undertaking given under section 162 or 162A of the Customs Act (1) An amount of \*assessed luxury car tax on a \*taxable importation of a luxury car is not payable if: (a) a security or undertaking described in section 162 of the Customs Act 1901 has been given; and (b) the provisions of the regulations mentioned in paragraph 162(3)(a) of that Act are complied with; and (c) either: (i) the car is exported within the relevant period mentioned in paragraph 162(3)(b) of that Act; or (ii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162(3)(b) of that Act apply in relation to the car. > Note: Section 162 of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation. (1A) An amount of \*assessed luxury car tax on a \*taxable importation of a luxury car is not payable if: (a) a security or undertaking described in section 162A of the Customs Act 1901 has been given; and (b) the car is not dealt with in contravention of regulations made for the purposes of that section; and (c) one or more of the following applies: (i) the car is exported within the relevant period mentioned in paragraph 162A(5)(b) of that Act; (ii) if the car is goods described in subsection 162A(5A) of that Act—the goods are exported before the end of the relevant day mentioned in paragraph 162A(5A)(b) of that Act; (iii) one or more of the circumstances or conditions specified in the regulations mentioned in paragraph 162A(5)(b) of that Act apply in relation to the car. > Note: Section 162A of the Customs Act 1901 allows delivery of imported goods if the importer gives a security or undertaking to pay any customs duty, assessed GST and assessed luxury car tax relating to the importation. (2) This section has effect despite section 13‑20.