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  

Note:

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-B - Consequences of GST joint ventures  

51-50   GST returns relating to GST joint ventures  

(1)  
The * joint venture operator of a * GST joint venture must, in relation to each * GST joint venture of the joint venture operator, give to the Commissioner a * GST return for each tax period applying to the joint venture operator.

(2)  


However, while an election made by the *joint venture operator under section 51-52 has effect, the joint venture operator must, in relation to all the *GST joint ventures for which the joint venture operator is the joint venture operator, give to the Commissioner a single *GST return for each tax period applying to the joint venture operator.

(2A)  


(Repealed by No 73 of 2001)

(3)  


This section has effect despite section 31-5 (which is about who must give GST returns).



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