Tax Laws Amendment (2005 Measures No. 2) Act 2005 (78 of 2005)
Schedule 6 Goods and services tax and real property
A New Tax System (Goods and Services Tax) Act 1999
2 After subsection 40-75(2)
(2A) A supply of the premises is disregarded as a sale for the purposes of applying paragraph (1)(a):
(a) if it is a supply by a member of a *GST group to another member of the GST group; or
(i) it is a supply by the *joint venture operator of a *GST joint venture to another entity that is a *participant in the joint venture; and
(ii) the other entity acquired the interest, unit or lease for consumption, use or supply in the course of activities for which the joint venture was entered into.