Tax Laws Amendment (2006 Measures No. 1) Act 2006 (32 of 2006)

Schedule 4   Vouchers

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

21   Transitional provision

 

(1) This item applies if:

(a) a supplier of telecommunications supplies entered into an arrangement under section 153-50 of the A New Tax System (Goods and Services Tax) Act 1999 before the day on which this Act receives the Royal Assent; and

(b) the arrangement applies wholly or partly to prepaid phone cards or facilities; and

(c) to the extent that the arrangement applies to those cards or facilities, section 153-55 of that Act did not apply to the supply of those cards or facilities merely because:

(i) the supply was not a taxable supply; or

(ii) the supply was not a taxable supply and another party to the arrangement was not an agent of the supplier of telecommunications supplies.

      

(2) To the extent that the arrangement applies to supplies of prepaid phone cards or facilities made on or after the day on which this Act receives the Royal Assent, the arrangement is taken to have effect under Subdivision 153-B of the A New Tax System (Goods and Services Tax) Act 1999 as if:

(a) those supplies were taxable supplies; and

(b) if subparagraph (1)(c)(ii) applies - that other party supplies those cards or facilities as the agent of the supplier of telecommunications supplies.