Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.80

Payments of excess under compulsory third party schemes are not consideration for supplies

             (1)  The making of any payment by an entity is not treated as * consideration for a supply, to the entity or any other entity, to the extent that the payment is the payment of an excess to an * operator of a * compulsory third party scheme.

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



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