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 86 - Valuable metals  

86-20   Recipients who are participants in GST joint ventures  

If section 86-5 applies to a *taxable supply but the *recipient of the supply is a *participant in a *GST joint venture and the supply is made, on the recipient ' s behalf, by the *joint venture operator of the GST joint venture in the course of activities for which the joint venture was entered into, the GST on the supply:

(a) is payable by the joint venture operator; and

(b) is not payable by the participant.

This section has effect despite sections 48-40 , 51-30 and 86-5 (which are about who is liable for GST).

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.