4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including emissions‑controlled product and manufacture.

In this instrument:

Act means the Product Emissions Standards (Excise) Charges Act 2017.

GST has the meaning given by section 195‑1 of the A New Tax System (Goods and Services Tax) Act 1999.

GST exclusive market value has the meaning given by section 195‑1 of the A New Tax System (Goods and Services Tax) Act 1999.

passes the manufacture threshold: see subsection 5(5).

price: the price of an emissions‑controlled product when first supplied is:

(a) so far as the consideration for the supply is consideration expressed as an amount of money—that amount (excluding GST); and
(b) so far as the consideration is not consideration expressed as an amount of money—the GST exclusive market value of the supply.

product price of an emissions‑controlled product means:

(a) if the price of the product when a person makes a first supply of the product is less than $10,000—that price; or
(b) otherwise—$10,000.

supply has the same meaning as in the Product Emissions Standards Act 2017.