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 84 - Offshore supplies  

Subdivision 84-A - Offshore supplies that are taxable supplies, and " reverse charged " , under this Subdivision  

84-20   The price of taxable supplies of offshore intangibles without, or for inadequate, consideration  

(1)    
The price of a supply that is a * taxable supply because of section 84-5 is the * GST inclusive market value of the supply, if:

(a) the supply is from the * recipient ' s * associate; and

(b) the supply is:

(i) without * consideration; or

(ii) for consideration that is less than the GST inclusive market value.

Note:

A supply to an associate without consideration may be a taxable supply, see section 72-5 .

(2)    
This section has effect despite section 9-75 (which is about the price of taxable supplies).