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  


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 84 - Offshore supplies  

Subdivision 84-A - Offshore supplies that are taxable supplies, and " reverse charged " , under this Subdivision  

84-14   Supplies relating to employee share ownership schemes  

This Subdivision does not apply to a supply, to the extent that it is a supply relating to an * employee share scheme , if:

(a) the * recipient of the supply is not an entity that has acquired, or may in the future acquire, an ESS interest (within the meaning of the * ITAA 1997 ) under the scheme; and

(b) Subdivision 83A-B or 83A-C of the ITAA 1997 applies to any ESS interest (within the meaning of that Act) acquired under the scheme; and

(c) either:

(i) the * recipient of the supply is a * 100% subsidiary of the supplier; or

(ii) the supply is a transfer that is taken to be a supply because of section 84-15 .

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