A New Tax System (Goods and Services Tax) Act 1999
Note:Division 110 - Tax-related transactions
Div 110 (heading) substituted by No 74 of 2010, s 3 and Sch 1 item 52, applicable to tax periods starting on or after 1 July 2010. The heading formerly read:
Division 110 - Income tax-related transactions
Div 110 inserted by No 97 of 2002, s 3 and Sch 1 item 11, applicable in relation to net amounts for tax periods starting on or after 1 July 2000.
Subdiv 110-A (heading) inserted by No 74 of 2010, s 3 and Sch 1 item 54, applicable to tax periods starting on or after 1 July 2010.
A supply is not a * taxable supply to the extent that it occurs because of the operation of these provisions:
(a) Part 3-90 of the * ITAA 1997 ;
(b) Part 3-90 of the Income Tax (Transitional Provisions) Act 1997 . (2)
Without limiting the scope of subsection (1), for the purposes of that subsection, the operation mentioned in that subsection includes an operation that results from:
(a) a choice made under the provisions mentioned in that subsection; or
(b) any other voluntary action provided for by those provisions. (3)
This section has effect despite section 9-5 (which is about what are taxable supplies).
S 110-15 inserted by No 101 of 2004, s 3 and Sch 6 item 1, applicable in relation to net amounts for tax periods starting, or that started, on or after 1 July 2002.
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