Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 110.5

  (1)   A supply is not a * taxable supply if the supply is:

  (a)   the transfer of a * tax loss in accordance with Subdivision   170 - A of the * ITAA 1997; or

  (b)   the transfer of a * net capital loss in accordance with Subdivision   170 - B of the ITAA 1997.

  (2)   This section has effect despite section   9 - 5 (which is about what are taxable supplies).