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  

156-5   Attributing the GST on progressive or periodic supplies  


The GST payable by you on a * taxable supply that is made:

(a) for a period or on a progressive basis; and

(b) for * consideration that is to be provided on a progressive or periodic basis;

is attributable, in accordance with section 29-5 , as if each progressive or periodic component of the supply were a separate supply.


If the progressive or periodic components of such a supply are not readily identifiable, the components correspond to the proportion of the total * consideration for the supply that the separate amounts of consideration represent.

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