Tax Laws Amendment (2010 GST Administration Measures No. 2) Act 2010 (74 of 2010)

Schedule 1   GST groups and GST joint ventures

Part 1   Forming, changing and dissolving GST groups and GST joint ventures

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

20   Sections 48-75 to 48-90

Repeal the sections, substitute:

48-75 Effect of representative member becoming an incapacitated entity

(1) If:

(a) the *representative member of a *GST group becomes an *incapacitated entity; and

(b) the representative member does not cease to be a *member of the group;

the representative member ceases to be the representative member of the group unless all the other *members of the group are incapacitated entities.

(2) Subsection (1) does not apply for the purposes of the representative member making an election under subsection 48-73(1) relating to the representative member.

(3) The *representative member of a *GST group ceases to be the representative member of the group if:

(a) all the *members of the group are *incapacitated entities; and

(b) a member of the group who is not the representative member ceases to be an incapacitated entity.