15‑5 Luxury car tax adjustment event15‑5 Luxury car tax adjustment event

15‑5 Luxury car tax adjustment event

(1) A luxury car tax adjustment event is any event which has the effect of: (a) cancelling a supply of a *luxury car; or (b) changing the *consideration for the supply; or (c) causing the supply to become, or stop being, a *taxable supply of a luxury car. (2) Without limiting subsection (1), these are *luxury car tax adjustment events: (a) the return to a supplier of a *car supplied (whether or not the return involves a change of ownership of the car); (b) a change to the previously agreed *consideration for a supply of a car, whether due to the offer of a discount or otherwise. (3) A *luxury car tax adjustment event can arise in relation to a supply of a *car even if it is not a *taxable supply of a luxury car. (4) However, the return of a *luxury car to its supplier is not an *adjustment event if the return is for the purpose of repair or maintenance.