50AAgreements relating to eligible short‑term leases

50A Agreements relating to eligible short‑term leases

(1) If: (a) the dealing is the granting of an eligible short‑term lease of the goods; and (b) the exempt percentage specified in the agreement under subsection 15A(2) is less than 100%; then the exempt part is the taxable value multiplied by the exempt percentage. (2) If: (a) the goods that are the subject of the taxable dealing are covered by an agreement under subsection 15A(3) or (4), and are for use exclusively as mentioned in that subsection; and (b) the exempt percentage specified in the agreement is less than 100%; then the exempt part is the taxable value multiplied by the exempt percentage.