A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
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:
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).
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
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Other tax-related transactions
110-60
Indirect tax sharing agreements
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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
(2)
(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.
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).
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