4DSale value of certain printed matter inserts

4D Sale value of certain printed matter inserts

Where: (a) subsection 3(15) of the Sales Tax Assessment Act (No. 1) 1930, in its application in accordance with section 12 of this Act, applies to deem an insert, within the meaning of that subsection, not to be part of item 51/54 goods, within the meaning of that subsection; and (b) a person, being a registered person or a person required to be registered, who has imported the insert: (i) sells the insert; or (ii) is deemed by subsection 3(4) of the Sales Tax Assessment Act (No. 1) 1930, in its application in accordance with section 12 of this Act, to have sold the insert; and (c) sales tax is payable under this Act by the person on the sale value (including a nil sale value) of the insert in respect of the sale or deemed sale; then, subject to subsection 18(5B) of the Sales Tax Assessment Act (No. 1) 1930 in its application in accordance with section 12 of this Act, but notwithstanding any other provision of this Act, that sale value is taken to be of the same amount as the sale value that is, or would be, applicable if sales tax is, or were, payable by the person under this Act in respect of an application of the insert to the person’s own use at the time of the sale or deemed sale.