A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 110 - Tax-related transactions  

Subdivision 110-B - Other tax-related transactions  

110-60   Indirect tax sharing agreements - entering into agreement etc.  

(1)    
This section applies if:

(a) an entity makes a supply because it enters into or becomes a party to an agreement; and

(b) the agreement:

(i) satisfies the requirements of subsections 444-90(1A) to (1E) in Schedule 1 to the Taxation Administration Act 1953 in relation to an indirect tax amount referred to in subsection 444-90(1) in that Schedule; or

(ii) satisfies the requirements of subsections 444-80(1A) to (1E) in Schedule 1 to the Taxation Administration Act 1953 in relation to an indirect tax amount referred to in subsection 444-80(1) in that Schedule.

(2)    
The supply is not a * taxable supply to the extent that it relates to the fact that the agreement satisfies those requirements.

(3)    
This section has effect despite section 9-5 (which is about what are taxable supplies).