Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.95

Subdivision 80-B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement

                   If:

                     (a)  an entity that is a * contributing operator of the * hybrid settlement sharing arrangement is a party to that arrangement because it is also the * managing operator of a * nominal defendant settlement sharing arrangement; and

                     (b)  the entity makes a payment that, as a result of section 80-85, is a * contributing operator's payment under the hybrid settlement sharing arrangement;

then:

                     (c)  Subdivision 80-A does not have any other effect in relation to the payment or supply in accordance with section 80-85; but

                     (d)  Subdivision 80-B (other than section 80-45) applies in relation to the payment as if it were a * managing operator's payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.



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