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
The fact that a supply to or from your * associate is without * consideration does not stop the supply from being any of the following for the purposes of the * GST law :
(a) a * GST-free supply;
(b) a supply that is * input taxed ;
(c) a * financial supply .
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 72 - Associates
CCH Note
Subdivision 72-A
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Supplies without consideration
72-25
Supplies that would otherwise be GST-free, input taxed or financial supplies
For transitional provisions relating to a supply or acquisition that an incapacitated entity makes to or from an associate of the incapacitated entity, see note under Div 58 heading.
The fact that a supply to or from your * associate is without * consideration does not stop the supply from being any of the following for the purposes of the * GST law :
(a) a * GST-free supply;
(b) a supply that is * input taxed ;
(c) a * financial supply .
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