A New Tax System (Goods and Services Tax) Act 1999
Note:Division 82 - Supplies in return for rights to develop land
The supply, by an * Australian government agency , of a right to develop land is treated as a supply that is not made for * consideration to the extent that it is made in return for another supply that complies with requirements imposed by or under an * Australian law . (2)
It does not matter whether the other supply is made to the * Australian government agency . (3)
If the other supply constitutes the payment of:
(a) an * Australian tax prescribed by regulations made for the purposes of subsection 81-5(2) ; or
(b) an * Australian fee or charge prescribed by regulations made for the purposes of subsection 81-10(2) ;
this section overrides those regulations in relation to the payment.
This section has effect despite section 9-15 (which is about consideration).
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