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

18   Transitional provision

For the purposes of sections 188-15 and 188-20 of the A New Tax System (Goods and Services Tax) Act 1999, in working out an enterprise's current annual turnover, or projected annual turnover, at a time during July, August or September 2005, disregard a supply if:

(a) the enterprise through which the supply is made is not carried on in Australia; and

(b) the supply:

(i) is a supply of a right or option to use commercial accommodation in Australia; and

(ii) is not made in Australia.