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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-B - Consequences of GST groups  

48-52   Consequences for a representative member of membership change during a tax period  

(1)  
If an entity is a *member of a *GST group , of which you are the *representative member , only for one or more parts of a tax period:


(a) section 48-40 only applies to the GST payable on a *taxable supply that the entity makes, to the extent that the GST would be attributable to a period to which subsection (2) applies if it were a tax period applying to the entity; and


(b) section 48-40 only applies to the GST payable on a *taxable importation that the entity makes during a period to which subsection (2) applies; and


(c) section 48-45 only applies to the input tax credit for a *creditable acquisition or *creditable importation that the entity makes, to the extent that the input tax credit would be attributable to a period to which subsection (2) applies if it were a tax period applying to the entity; and


(d) section 48-50 only applies to an adjustment that the entity has that would be attributable to a period to which subsection (2) applies if it were a tax period applying to the entity.

(2)  
This section applies to any period, during the tax period, during which the entity was a *member of the *GST group of which you are the *representative member .

(3)  
However, if you are the *representative member of the *GST group only for one or more parts of the tax period, this section has effect subject to section 48-53 .

(4)  
If an entity is a *member of different *GST groups during the same tax period, subsections (1) and (2) apply separately in relation to each of those groups.


 

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