Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 110.15

Supplies under operation of consolidated group regime

             (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).



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