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  

Note:

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 72 - Associates  

Subdivision 72-A - Supplies without consideration  

72-20   Supplies and acquisitions that would otherwise be sales etc.  

(1)    
If, apart from a lack of * consideration :

(a) a supply to your * associate from you; or

(b) a supply to you from your associate;

would be a sale or some other kind of supply, the supply is taken for the purposes of the * GST law to be a supply of that kind.

(2)    
If, apart from a lack of * consideration :

(a) an acquisition by your * associate from you; or

(b) an acquisition by you from your associate;

would be by sale or some other means, the acquisition is taken for the purposes of the * GST law to be an acquisition by that means.