Tax Laws Amendment (Long-term Non-reviewable Contracts) Act 2005 (10 of 2005)

Schedule 1   Long term non reviewable contracts

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

15   After section 15I


15IA Application of section 36 of the Taxation Administration Act 1953

Subsection 36(1) of the Taxation Administration Act 1953 does not apply to a refund under section 35-5 of the GST Act in respect of a tax period to the extent that the refund arises because:

(a) the GST on a taxable supply was attributable to that tax period and was payable by the supplier; and

(b) the recipient of the supply becomes liable for the GST on the supply because of section 15C of this Act.