A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Schedule 1 Indirect Tax Acts
Part 1 Amendment of the A New Tax System (Goods and Services Tax) Act 1999
119 Subsection 156-15(1)
Repeal the subsection, substitute:
(1) If:
(a) a *taxable supply is made for a period or on a progressive basis; and
(b) the supply is made for *consideration that is to be provided on a progressive or periodic basis; and
(c) the whole of a progressive or periodic component of the supply would not be *connected with Australia if it were a separate supply;
that component is treated as if it were a separate supply that is not connected with Australia.