A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
If a supply to your * associate without * consideration is a * taxable supply , its value is the * GST exclusive market value of the supply. (2)
This section has effect despite section 9-75 (which is about the value of taxable supplies). (3)
This section does not apply to a supply that is a *taxable supply because of section 84-5 (which is about offshore supplies).
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 72 - Associates
CCH Note
Subdivision 72-A
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Supplies without consideration
72-10
The value of taxable supplies without consideration
(1)
For transitional provisions relating to a supply or acquisition that an incapacitated entity makes to or from an associate of the incapacitated entity, see note under Div 58 heading.
If a supply to your * associate without * consideration is a * taxable supply , its value is the * GST exclusive market value of the supply. (2)
This section has effect despite section 9-75 (which is about the value of taxable supplies). (3)
This section does not apply to a supply that is a *taxable supply because of section 84-5 (which is about offshore supplies).
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