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

Schedule 8  

Income Tax Assessment Act 1936

21   Paragraph 26AG(5)(a)

Repeal the paragraph, substitute:

(a) where the unit is disposed of for a specified price - that price less:

(i) the expenses of the disposal; and

(ii) if the disposal is a taxable supply - an amount equal to the GST payable on the supply; or