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
7 At the end of section 14
(a) an agreement is for the supply of a life membership; and
(b) the entity to which the supply is made would be entitled to a full input tax credit for it;
subsection (3) has effect as if the reference to 2 December 1998 were a reference to 8 July 1999.
(5) For the purposes of this section, a Commonwealth entity is to be treated as if it were entitled or not entitled to a full input tax credit (whichever is relevant) if it would be so entitled or not entitled if it were an entity other than a Commonwealth entity.