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.