Tax Laws Amendment (2005 Measures No. 1) Act 2005 (77 of 2005)

Schedule 3   Supplies of rights or options offshore

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

2   At the end of subsection 9-25(5)


; or (c) all of the following apply:

(i) neither paragraph (a) nor (b) applies in respect of the thing;

(ii) the thing is a right or option to acquire another thing;

(iii) the supply of the other thing would be connected with Australia.

Example: A holiday package for Australia that is supplied overseas might be connected with Australia under paragraph (5)(c).