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  


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  

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.

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

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

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