Tax Laws Amendment (2010 Measures No. 4) Act 2010 (136 of 2010)

Schedule 1   Adjustments for third party payments

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

2   After subsection 134-10(1)

Insert:

(1A) However, subsection (1) does not apply unless the supply of the thing by the payer:

(a) was a *taxable supply; or

(b) would have been a taxable supply but for any of the following:

(i) the payer and the entity that acquired the thing from the payer being *members of the same *GST group;

(ii) the payer and the entity that acquired the thing from the payer being members of the same *GST religious group;

(iii) the payer being the *joint venture operator for a *GST joint venture, and the entity that acquired the thing from the payer being a *participant in the GST joint venture.