A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 6   Indirect Tax Transition Acts

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

11   After subsection 20(3)


(3A) If:

(a) you are a member of a GST group; and

(b) you make an acquisition from another member of that group; and

(c) your entitlement to an input tax credit on the acquisition is affected by subsection (2) or (3);

paragraph 48-40(2)(a) of the GST Act does not apply to the supply to which the acquisition relates.

Note: Paragraph 48-40(2)(a) of the GST Act prevents supplies between members of a GST group being treated as taxable supplies.