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  


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 90 - Company amalgamations  

90-20   Liability after amalgamation for GST on amalgamating company's supplies  

An * amalgamated company must pay the GST payable on a * taxable supply if:

(a) apart from the * amalgamation , the GST would have been payable by any of the * amalgamating companies ; and

(b) the GST was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.

This section has effect despite section 9-40 (which is about liability for GST).

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