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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  


The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.

Division 156 - Supplies and acquisitions made on a progressive or periodic basis  

156-23   Certain supplies or acquisitions under hire purchase agreements treated as not on progressive or periodic basis  

For the purposes of this Division, a supply or acquisition of goods or credit under a * hire purchase agreement is treated as not being a supply or acquisition made on a progressive or periodic basis.

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