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

Part 3 - Agreements spanning 1 July 2000  

Division 1 - General  

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History

Div 1 inserted by No 10 of 2005, s 3 and Sch 1 item 12, effective 22 February 2005.

15   Funeral agreements  

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(1)    
If, before 1 July 2000, you enter, or have entered, into an agreement for a supply consisting of the provision of a funeral (or a right to the provision of a funeral):

(a) section 11 and this Part (apart from this section) do not apply; and

(b) the supply of any right under the agreement relating to the provision of a funeral is taken to be a supply made on or after 1 July 2000 only if the funeral is provided on or after that day.

(2)    

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If you entered into the agreement before 1 December 1999 and the funeral is provided on or after 1 July 2000, the supply is GST-free to the extent that the consideration for the supply is paid before 1 July 2005.

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History

S 15(2) substituted by No 92 of 2000, s 3 and Sch 11 item 16, effective 9 July 1999. S 15(2) formerly read:

(2)
If you entered into the agreement before 1 December 1999 and the funeral is provided on or after 1 July 2000, the supply is GST-free to the extent that the consideration for the supply is paid before the earlier of the following:

(a) 1 July 2005;

(b) if a review opportunity (within the meaning of subsection 13(5)) arises - when that opportunity arises.

S 15 substituted by No 177 of 1999, s 3 and Sch 2 item 8, effective 9 July 1999. S 15 formerly read:

15 Funeral agreements made before 2 December 1998  
If, before 2 December 1998, you entered into an agreement for a supply consisting of the provision of a funeral and the agreement is covered by section 13:

(a) subsections 13(2) and (3) do not apply; and

(b) instead, the supply is GST-free to the extent that the consideration for the supply is paid before the earlier of the following:

(i) 1 July 2005;

(ii) if a review opportunity as mentioned in paragraph 13(2)(b) arises - when that opportunity arises.

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