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Edited version of your written advice
Authorisation Number: 1012938335618
Date of advice: 28 January 2016
Ruling
Subject: GST and supplies
Question
The Commissioner of Taxation (Commissioner) was asked whether Entity A, as the representative member of the GST group, is liable for GST in respect of the Deferred Payment Amount (DPA) received from Entity B pursuant to the, Funding Deed?
Answer
No. the Commissioner does not consider that Entity A, as the representative member of the GST group, is liable for GST in respect of the DPA received from Entity B pursuant to the Funding Deed on the basis that there is no supply for which the payment is consideration.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 9-5
A New Tax System (Goods and Services Tax) Act 1999 48-40