A New Tax System (Goods and Services Tax Transition) Act 1999

Part 1 - Introduction  

6   Time of supply or acquisition  

(1)    
This section sets out how to determine when a supply or acquisition is made for the purposes of this Act.

Note:

Many of the rules in this Act rely on this concept.

(2)    
A supply or acquisition of goods is made:

(a) when the goods are removed; or

(b) if the goods are not to be removed - when the goods are made available to the recipient; or

(c) if the goods are removed before it is certain that a supply will be made (for example, if the goods are given or taken on approval, sale or return, or similar terms) - when it becomes certain that a supply has been made.

Note:

Subsection 20(8) provides a rule stating when motor vehicles and other goods covered by subsection 20(1) are taken to be removed.

(3)    
A supply or acquisition of real property is made when the property is made available to the recipient.

(4)    
A supply or acquisition of services is made when the services are performed.

Note:

However, section 12 provides a different rule for progressive and periodic contracts.

(5)    
A supply or acquisition of any other thing is made when the thing is performed or done.

Note:

However, section 12 provides a different rule for progressive and periodic contracts.