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 86 - Valuable metals  

86-25   The amount of GST on " reverse charged " supplies of goods consisting of valuable metal  

The amount of GST on a supply to which section 86-5 , 86-15 or 86-20 applies is 10% of the *price of the supply.

This section has effect despite section 9-70 (which is about the amount of GST on taxable supplies).

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