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

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 100 - Vouchers  

100-10   Redemption of vouchers  

(1)  
The act of redeeming a * voucher is not a supply.

Note:

A supply for which the voucher is redeemed is still a supply.

(2)  
Subsection (1) has effect despite section 9-10 (which is about what is a supply).

(3)  

Subsection 9-17(1) (which is about the consideration for exercising rights or options) does not apply to a right or option that is granted by way of a * voucher if, on redemption of the voucher, the holder of the voucher is entitled to supplies up to the *stated monetary value of the voucher.