Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 126.32

  (1)   A payment of * money or * digital currency is not the provision of * consideration to the extent that the payment:

  (a)   is made by a supplier of * gambling supplies to a * recipient of gambling supplies that the supplier makes; and

  (b)   is made, under an agreement between them, to repay to the recipient a proportion of his or her losses relating to those supplies.

  (2)   This section has effect despite section   9 - 15 (which is about what is consideration).