(1) A supply is not a * taxable supply to the extent that it occurs because of the operation of these provisions:
(a) Part 3-90 of the * ITAA 1997;
(b) Part 3-90 of the Income Tax (Transitional Provisions) Act 1997 .
(2) Without limiting the scope of subsection (1), for the purposes of that subsection, the operation mentioned in that subsection includes an operation that results from:
(a) a choice made under the provisions mentioned in that subsection; or
(b) any other voluntary action provided for by those provisions.
(3) This section has effect despite section 9-5 (which is about what are taxable supplies).