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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 51 - GST joint ventures  

Subdivision 51-A - Formation of and participation in GST joint ventures  

51-10   Participation requirements of a GST joint venture  

An entity satisfies the participation requirements for a * GST joint venture , or a proposed GST joint venture, if the entity:

(a) participates in, or intends to participate in, the joint venture; and

(b) is a party to a joint venture agreement with all the other entities participating in, or intending to participate in, the joint venture; and

(c) is * registered ; and

(d) (Repealed by No 176 of 1999)

(e) (Repealed by No 176 of 1999)

(f) accounts on the same basis as all those other participants.

(g) (Repealed by No 176 of 1999)

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