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 90 - Company amalgamations  

90-10   Value of taxable supplies - amalgamated company not registered or required to be registered  


(a) an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation ; and

(b) immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered ;

the value of the taxable supply is the * GST exclusive market value of the supply.

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

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