Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.10

  (1)   If:

  (a)   an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation; and

  (b)   immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered;

the value of the taxable supply is the * GST exclusive market value of the supply.

  (2)   This section has effect despite section   9 - 75 (which is about the value of taxable supplies).