Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 81.5

Australian tax not consideration

  (1)   A payment, or the discharging of a liability to make a payment, is not the provision of * consideration to the extent the payment is an * Australian tax.

Regulations may provide for exceptions

  (2)   However, a payment you make, or a discharging of your liability to make a payment, is treated as the provision of * consideration to the extent the payment is an * Australian tax that is, or is of a kind, prescribed by the regulations.

  (3)   For the purposes of subsection   (2), the * consideration is taken to be provided to the entity to which the tax is payable, for a supply that the entity makes to you.