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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.50

GST returns relating to GST joint ventures

             (1)  The * joint venture operator of a * GST joint venture must, in relation to each * GST joint venture of the joint venture operator, give to the Commissioner a * GST return for each tax period applying to the joint venture operator.

             (2)  However, while an election made by the * joint venture operator under section 51-52 has effect, the joint venture operator must, in relation to all the * GST joint ventures for which the joint venture operator is the joint venture operator, give to the Commissioner a single * GST return for each tax period applying to the joint venture operator.

             (3)  This section has effect despite section 31-5 (which is about who must give GST returns).



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