Treasury Laws Amendment (2018 Measures No. 1) Act 2018 (23 of 2018)

Schedule 5   Payment of GST on taxable supplies of certain real property

Part 2   Other amendments

Income Tax Assessment Act 1997

9   Subsection 995-1(1)

Insert:

commercial residential premises has the same meaning as in the *GST Act.

consideration , for a *taxable supply,has the same meaning as in the *GST Act.

margin scheme has the same meaning as in the *GST Act.

money , in relation to the *consideration for a *taxable supply,has the same meaning as in the *GST Act.

potential residential land has the same meaning as in the *GST Act.

price , for a *taxable supply,has the same meaning as in the *GST Act.

property subdivision plan has the same meaning as in the *GST Act.

substantial renovations has the same meaning as in the *GST Act.