Payroll Tax Act 2007

For the purposes of using the averaging method, an employer may nominate one motor vehicle as having replaced another motor vehicle with effect from a day specified in the nomination.

After the nomination takes effect, the replacement motor vehicle is treated as the original motor vehicle, and the original motor vehicle is treated as a different motor vehicle. An employer need not repeat for the replacement vehicle the steps already taken for the original motor vehicle.

An employer must record the nomination in writing in the financial year in which the nomination takes effect.

However, the Commissioner may allow an employer to record the nomination at a later time.