A New Tax System (Goods and Services Tax) Act 1999
Note:Division 80 - Settlement sharing arrangements Subdivision 80-C - Hybrid settlement sharing arrangements 80-90 Subdivision 80-B to apply to payments or supplies by managing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement
(a) the entity that is the * managing operator of the * hybrid settlement sharing arrangement is a party to that arrangement because it is also the managing operator of a * nominal defendant settlement sharing arrangement ; and
(b) the entity makes a payment or supply that, as a result of section 80-85 , is a * managing operator ' s payment or supply under the hybrid settlement sharing arrangement;
(c) Subdivision 80-A does not have any other effect in relation to the payment or supply in accordance with section 80-85 ; but
(d) Subdivision 80-B (other than section 80-45 ) applies in relation to the payment or supply as if it were a managing operator ' s payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.
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