Taxation Laws Amendment Act (No. 3) 2002 (97 of 2002)

Schedule 1   Goods and services tax

Part 1   Supplies in return for rights to develop land

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

3   At the end of subsection 81-5(1)

Add:

Note: Under Division 82, the payment might not be treated as consideration for a supply if it is in return for an Australian government agency supplying a right to develop land.