Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.55

Payments of GST relating to GST joint ventures

             (1)  If the * assessed net amount relating to one or more * GST joint ventures for a tax period is greater than zero:

                     (a)  the * joint venture operator of that GST joint venture or those GST joint ventures must pay that assessed net amount to the Commissioner; and

                     (b)  Division 33 applies to payment of that amount as if it were a payment the joint venture operator was obliged to make under section 33-3 or 33-5 (as the case requires).

             (2)  This section has effect despite Division 33 (which is about payments of GST).



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