A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Schedule 1 Indirect Tax Acts
Part 1 Amendment of the A New Tax System (Goods and Services Tax) Act 1999
68 Paragraph 38-250(2)(b)
Repeal the paragraph, substitute:
(b) the supply is for *consideration that:
(i) if the supply is a supply of accommodation - is less than 75% of the cost to the supplier of providing the accommodation; or
(ii) if the supply is not a supply of accommodation - is less than 50% of the consideration the supplier provided, or was liable to provide, for acquiring the thing supplied.
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).