Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 38.97

Lease etc. of curriculum related goods

                   A supply by way of lease or hire of goods is GST-free if:

                     (a)  the goods are for use directly or principally by a student in undertaking a * pre-school course, * primary course or * secondary course in which the student is enrolled; and

                     (b)  the entity supplying the course leases or hires the goods; and

                     (c)  at all times while the lease or hiring has effect, the entity supplying the course has the right to decide who uses goods and the use to which the goods are put; and

                     (d)  the lease or hiring is not part of an arrangement that includes:

                              (i)  a transfer of ownership of the goods; or

                             (ii)  an agreement to transfer ownership of the goods; or

                            (iii)  imposing an obligation, or conferring a right, to transfer ownership of the goods.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback