Contents

Chapter 1--Introduction                                                                                                      1

Part 1‑1--Preliminary                                                                                                            1

Division 1--Preliminary                                                                                               1

1‑1......... Short title [see Note 1] ....................................................................... 1

1‑2......... Commencement .................................................................................. 1

1‑3......... Commonwealth‑State financial relations ............................................ 1

1‑4......... States and Territories are bound by the GST law .............................. 1

Part 1‑2--Using this Act                                                                                                       2

Division 2--Overview of the GST legislation                                                   2

2‑1......... What this Act is about ........................................................................ 2

2‑5......... The basic rules (Chapter 2) ................................................................ 2

2‑10....... The exemptions (Chapter 3) ............................................................... 2

2‑15....... The special rules (Chapter 4) ............................................................. 3

2‑20....... Miscellaneous (Chapter 5) ................................................................. 3

2‑25....... Interpretative provisions (Chapter 6) ................................................ 3

2‑30....... Administration, collection and recovery provisions in the Taxation Administration Act 1953                3

Division 3--Defined terms                                                                                         4

3‑1......... When defined terms are identified ...................................................... 4

3‑5......... When terms are not identified ............................................................. 4

3‑10....... Identifying the defined term in a definition ........................................ 5

Division 4--Status of Guides and other non‑operative material            6

4‑1......... Non‑operative material ....................................................................... 6

4‑5......... Explanatory sections .......................................................................... 6

4‑10....... Other material ..................................................................................... 6

Chapter 2--The basic rules                                                                                                7

Division 5--Introduction                                                                                             7

5‑1......... What this Chapter is about ................................................................. 7

5‑5......... The structure of this Chapter ............................................................. 7

Part 2‑1--The central provisions                                                                                    9

Division 7--The central provisions                                                                       9

7‑1......... GST and input tax credits ................................................................... 9

7‑5......... Net amounts ....................................................................................... 9

7‑10....... Tax periods ......................................................................................... 9

7‑15....... Payments and refunds ........................................................................ 9

Part 2‑2--Supplies and acquisitions                                                                            10

Division 9--Taxable supplies                                                                                  10

9‑1......... What this Division is about .............................................................. 10

Subdivision 9‑A--What are taxable supplies?                                                      10

9‑5......... Taxable supplies ............................................................................... 10

9‑10....... Meaning of supply ............................................................................ 10

9‑15....... Consideration .................................................................................... 11

9‑20....... Enterprises ........................................................................................ 12

9‑25....... Supplies connected with Australia ................................................... 14

9‑30....... Supplies that are GST‑free or input taxed ........................................ 16

9‑39....... Special rules relating to taxable supplies .......................................... 17

Subdivision 9‑B--Who is liable for GST on taxable supplies?                          18

9‑40....... Liability for GST on taxable supplies .............................................. 18

9‑69....... Special rules relating to liability for GST on taxable supplies .......... 18

Subdivision 9‑C--How much GST is payable on taxable supplies?                   18

9‑70....... The amount of GST on taxable supplies .......................................... 18

9‑75....... The value of taxable supplies ........................................................... 18

9‑80....... The value of taxable supplies that are partly GST‑free or input taxed 20

9‑85....... Value of taxable supplies to be expressed in Australian currency .... 21

9‑90....... Rounding of amounts of GST ........................................................... 21

9‑99....... Special rules relating to the amount of GST on taxable supplies ..... 23

Division 11--Creditable acquisitions                                                                  24

11‑1....... What this Division is about .............................................................. 24

11‑5....... What is a creditable acquisition? ....................................................... 24

11‑10..... Meaning of acquisition ..................................................................... 24

11‑15..... Meaning of creditable purpose ......................................................... 25

11‑20..... Who is entitled to input tax credits for creditable acquisitions? ....... 26

11‑25..... How much are the input tax credits for creditable acquisitions? ...... 26

11‑30..... Acquisitions that are partly creditable ............................................. 26

11‑99..... Special rules relating to acquisitions ................................................. 27

Part 2‑3--Importations                                                                                                       29

Division 13--Taxable importations                                                                      29

13‑1....... What this Division is about .............................................................. 29

13‑5....... What are taxable importations? ........................................................ 29

13‑10..... Meaning of non‑taxable importation ................................................ 29

13‑15..... Who is liable for GST on taxable importations? ............................... 30

13‑20..... How much GST is payable on taxable importations? ...................... 30

13‑25..... The value of taxable importations that are partly non‑taxable importations            31

13‑99..... Special rules relating to taxable importations ................................... 31

Division 15--Creditable importations                                                                32

15‑1....... What this Division is about .............................................................. 32

15‑5....... What are creditable importations? .................................................... 32

15‑10..... Meaning of creditable purpose ......................................................... 32

15‑15..... Who is entitled to input tax credits for creditable importations? ..... 33

15‑20..... How much are the input tax credits for creditable importations? .... 33

15‑25..... Importations that are partly creditable ............................................. 33

15‑99..... Special rules relating to creditable importations ............................... 34

Part 2‑4--Net amounts and adjustments                                                                  35

Division 17--Net amounts and adjustments                                                   35

17‑1....... What this Division is about .............................................................. 35

17‑5....... Net amounts ..................................................................................... 35

17‑10..... Adjustments ..................................................................................... 36

17‑15..... Working out net amounts using approved forms ............................. 36

17‑20..... Determinations relating to how to work out net amounts ................ 36

17‑99..... Special rules relating to net amounts or adjustments ........................ 37

Division 19--Adjustment events                                                                          39

19‑1....... What this Division is about .............................................................. 39

19‑5....... Explanation of the effect of adjustment events ................................ 39

Subdivision 19‑A--Adjustment events                                                                   40

19‑10..... Adjustment events ............................................................................ 40

Subdivision 19‑B--Adjustments for supplies                                                       41

19‑40..... Where adjustments for supplies arise ............................................... 41

19‑45..... Previously attributed GST amounts ................................................. 42

19‑50..... Increasing adjustments for supplies ................................................. 42

19‑55..... Decreasing adjustments for supplies ................................................ 42

Subdivision 19‑C--Adjustments for acquisitions                                                42

19‑70..... Where adjustments for acquisitions arise ......................................... 42

19‑75..... Previously attributed input tax credit amounts ................................ 43

19‑80..... Increasing adjustments for acquisitions ............................................ 43

19‑85..... Decreasing adjustments for acquisitions ........................................... 44

19‑99..... Special rules relating to adjustment events ....................................... 44

Division 21--Bad debts                                                                                              45

21‑1....... What this Division is about .............................................................. 45

21‑5....... Writing off bad debts (taxable supplies) ........................................... 45

21‑10..... Recovering amounts previously written off (taxable supplies) ........ 45

21‑15..... Bad debts written off (creditable acquisitions) ................................. 46

21‑20..... Recovering amounts previously written off (creditable acquisitions) 46

21‑99..... Special rules relating to adjustments for bad debts ........................... 46

Part 2‑5--Registration                                                                                                        48

Division 23--Who is required to be registered and who may be registered       48

23‑1....... Explanation of Division .................................................................... 48

23‑5....... Who is required to be registered ....................................................... 48

23‑10..... Who may be registered ..................................................................... 49

23‑15..... The registration turnover threshold .................................................. 49

23‑99..... Special rules relating to who is required to be registered or who may be registered                 49

Division 25--How you become registered, and how your registration can be cancelled              50

Subdivision 25‑A--How you become registered                                                   50

25‑1....... When you must apply for registration ............................................. 50

25‑5....... When the Commissioner must register you ...................................... 50

25‑10..... The date of effect of your registration .............................................. 51

25‑15..... Effect of backdating your registration .............................................. 51

25‑49..... Special rules relating to registration .................................................. 52

Subdivision 25‑B--How your registration can be cancelled                              52

25‑50..... When you must apply for cancellation of registration ..................... 52

25‑55..... When the Commissioner must cancel registration ............................ 52

25‑57..... When the Commissioner may cancel your registration .................... 53

25‑60..... The date of effect of your cancellation ............................................. 54

25‑65..... Effect of backdating your cancellation of registration ...................... 54

25‑99..... Special rules relating to cancellation of registration .......................... 55

Part 2‑6--Tax periods                                                                                                         56

Division 27--How to work out the tax periods that apply to you        56

27‑1....... What this Division is about .............................................................. 56

27‑5....... General rule--3 month tax periods ................................................... 56

27‑10..... Election of one month tax periods .................................................... 56

27‑15..... Determination of one month tax periods .......................................... 56

27‑20..... Withdrawing elections of one month tax periods ............................. 57

27‑22..... Revoking elections of one month tax periods ................................... 58

27‑25..... Revoking determinations of one month tax periods ......................... 58

27‑30..... Tax periods determined by the Commissioner to take account of changes in tax periods        59

27‑35..... Changing the days on which your tax periods end ........................... 59

27‑37..... Special determination of tax periods on request ............................... 60

27‑38..... Revoking special determination of tax periods ................................. 60

27‑40..... An entity's concluding tax period .................................................... 61

27‑99..... Special rules relating to tax periods .................................................. 61

Division 29--What is attributable to tax periods                                          62

29‑1....... What this Division is about .............................................................. 62

Subdivision 29‑A--The attribution rules                                                              62

29‑5....... Attributing the GST on your taxable supplies ................................. 62

29‑10..... Attributing the input tax credits for your creditable acquisitions .... 63

29‑15..... Attributing the input tax credits for your creditable importations ... 64

29‑20..... Attributing your adjustments ........................................................... 64

29‑25..... Commissioner may determine particular attribution rules ............... 65

29‑39..... Special rules relating to attribution rules .......................................... 66

Subdivision 29‑B--Accounting on a cash basis                                                   67

29‑40..... Choosing to account on a cash basis ................................................. 67

29‑45..... Permission to account on a cash basis .............................................. 67

29‑50..... Ceasing to account on a cash basis ................................................... 68

29‑69..... Special rules relating to accounting on a cash basis .......................... 69

Subdivision 29‑C--Tax invoices and adjustment notes                                       69

29‑70..... Tax invoices ...................................................................................... 69

29‑75..... Adjustment notes ............................................................................. 70

29‑80..... Tax invoices and adjustment notes not required for low value transactions             71

29‑99..... Special rules relating to tax invoices and adjustment notes .............. 71

Part 2‑7--Returns, payments and refunds                                                              72

Division 31--GST returns                                                                                         72

31‑1....... What this Division is about .............................................................. 72

31‑5....... Who must give GST returns ............................................................. 72

31‑8....... When GST returns must be given--quarterly tax periods ............... 72

31‑10..... When GST returns must be given--other tax periods ...................... 73

31‑15..... The form and contents of GST returns ............................................ 73

31‑20..... Additional GST returns .................................................................... 74

31‑25..... Electronic lodgment of GST returns ................................................. 74

31‑99..... Special rules relating to GST returns ................................................ 75

Division 33--Payments of GST                                                                              76

33‑1....... What this Division is about .............................................................. 76

33‑3....... When payments of net amounts must be made--quarterly tax periods   76

33‑5....... When payments of net amounts must be made--other tax periods . 77

33‑10..... How payments of net amounts are made ......................................... 77

33‑15..... Payments of amounts of GST on importations ............................... 77

33‑99..... Special rules relating to payments of GST ....................................... 78

Division 35--Refunds                                                                                                  79

35‑1....... What this Division is about .............................................................. 79

35‑5....... Entitlement to refund ........................................................................ 79

35‑10..... When entitlement arises .................................................................... 79

35‑99..... Special rules relating to refunds ........................................................ 79

Part 2‑8--Checklist of special rules                                                                            81

Division 37--Checklist of special rules                                                             81

37‑1....... Checklist of special rules .................................................................. 81

Chapter 3--The exemptions                                                                                            84

Part 3‑1--Supplies that are not taxable supplies                                                 84

Division 38--GST‑free supplies                                                                            84

38‑1....... What this Division is about .............................................................. 84

Subdivision 38‑A--Food                                                                                            85

38‑2....... Food .................................................................................................. 85

38‑3....... Food that is not GST‑free ................................................................ 85

38‑4....... Meaning of food ................................................................................ 85

38‑5....... Premises used in supplying food ...................................................... 86

38‑6....... Packaging of food .............................................................................. 86

Subdivision 38‑B--Health                                                                                        87

38‑7....... Medical services ............................................................................... 87

38‑10..... Other health services ........................................................................ 87

38‑15..... Other government funded health services ......................................... 89

38‑20..... Hospital treatment ............................................................................ 89

38‑25..... Residential care etc. .......................................................................... 90

38‑30..... Community care etc. ......................................................................... 92

38‑35..... Flexible care ...................................................................................... 93

38‑40..... Specialist disability services ............................................................. 93

38‑45..... Medical aids and appliances ............................................................. 93

38‑47..... Other GST‑free health goods ............................................................ 93

38‑50..... Drugs and medicinal preparations etc. .............................................. 94

38‑55..... Private health insurance etc. ............................................................. 95

Subdivision 38‑C--Education                                                                                   96

38‑85..... Education courses ............................................................................. 96

38‑90..... Excursions or field trips .................................................................... 96

38‑95..... Course materials ............................................................................... 96

38‑97..... Lease etc. of curriculum related goods .............................................. 96

38‑100... Supplies that are not GST‑free ......................................................... 97

38‑105... Accommodation at boarding schools etc. ......................................... 97

38‑110... Recognition of prior learning etc. ...................................................... 98

Subdivision 38‑D--Child care                                                                                 98

38‑140... Child care--registered carers under the family assistance law ......... 98

38‑145... Child care--approved child care services under the family assistance law              99

38‑150... Other child care ................................................................................. 99

38‑155... Supplies directly related to child care that is GST‑free .................... 99

Subdivision 38‑E--Exports and other supplies for consumption outside Australia             99

38‑185... Exports of goods ............................................................................... 99

38‑187... Lease etc. of goods for use outside Australia ................................. 102

38‑188... Tooling used by non‑residents to manufacture goods for export ... 102

38‑190... Supplies of things, other than goods or real property, for consumption outside Australia     102

Subdivision 38‑F--Religious services                                                                 104

38‑220... Religious services ............................................................................ 104

Subdivision 38‑G--Activities of charitable institutions etc.                            105

38‑250... Nominal consideration etc. ............................................................. 105

38‑255... Second‑hand goods ......................................................................... 106

38‑260... Supplies of retirement village accommodation etc. ......................... 107

38‑270... Raffles and bingo conducted by charitable institutions etc. ........... 107

Subdivision 38‑I--Water, sewerage and drainage                                             108

38‑285... Water .............................................................................................. 108

38‑290... Sewerage and sewerage‑like services ............................................... 109

38‑295... Emptying of septic tanks ............................................................... 109

38‑300... Drainage .......................................................................................... 109

Subdivision 38‑J--Supplies of going concerns                                                  109

38‑325... Supply of a going concern .............................................................. 109

Subdivision 38‑K--Transport and related matters                                            110

38‑355... Supplies of transport and related matters ...................................... 110

38‑360... Travel agents arranging overseas supplies ...................................... 112

Subdivision 38‑L--Precious metals                                                                     112

38‑385... Supplies of precious metals ............................................................ 112

Subdivision 38‑M--Supplies through inwards duty free shops                       112

38‑415... Supplies through inwards duty free shops ..................................... 112

Subdivision 38‑N--Grants of land by governments                                           113

38‑445... Grants of freehold and similar interests by governments ............... 113

38‑450... Leases preceding grants of freehold and similar interests by governments               113

Subdivision 38‑O--Farm land                                                                                114

38‑475... Subdivided farm land ...................................................................... 114

38‑480... Farm land supplied for farming ...................................................... 114

Subdivision 38‑P--Cars for use by disabled people                                           115

38‑505... Disabled veterans ............................................................................ 115

38‑510... Other disabled people ..................................................................... 116

Subdivision 38‑Q--International mail                                                                 117

38‑540... International mail ............................................................................ 117

Division 40--Input taxed supplies                                                                     118

40‑1....... What this Division is about ............................................................ 118

Subdivision 40‑A--Financial supplies                                                                 118

40‑5....... Financial supplies ........................................................................... 118

Subdivision 40‑B--Residential rent                                                                     119

40‑35..... Residential rent ............................................................................... 119

Subdivision 40‑C--Residential premises                                                            120

40‑65..... Sales of residential premises ........................................................... 120

40‑70..... Supplies of residential premises by way of long‑term lease .......... 120

40‑75..... Meaning of new residential premises ............................................. 120

Subdivision 40‑D--Precious metals                                                                     121

40‑100... Precious metals ............................................................................... 121

Subdivision 40‑E--School tuckshops and canteens                                           122

40‑130... School tuckshops and canteens ...................................................... 122

Subdivision 40‑F--Fund‑raising events conducted by charitable institutions etc.               122

40‑160... Fund‑raising events conducted by charitable institutions etc. ........ 122

40‑165... Meaning of fund‑raising event ........................................................ 123

Part 3‑2--Non‑taxable importations                                                                         125

Division 42--Non‑taxable importations                                                           125

42‑1....... What this Division is about ............................................................ 125

42‑5....... Non‑taxable importations--Schedule 4 to the Customs Tariff Act 1995 125

42‑10..... Goods returned to Australia in an unaltered condition ................... 126

Chapter 4--The special rules                                                                                        127

Division 45--Introduction                                                                                       127

45‑1....... What this Chapter is about ............................................................. 127

45‑5....... The effect of special rules ............................................................... 127

Part 4‑1--Special rules mainly about particular ways entities are organised            128

Division 48--GST groups                                                                                        128

48‑1....... What this Division is about ............................................................ 128

Subdivision 48‑A--Approval of GST groups                                                       128

48‑5....... Approval of GST groups ............................................................... 128

48‑10..... Membership requirements of a GST group .................................... 129

48‑15..... Relationship of companies and non‑companies in a GST group .... 130

Subdivision 48‑B--Consequences of approval of GST groups                         132

48‑40..... Who is liable for GST ..................................................................... 132

48‑45..... Who is entitled to input tax credits ................................................ 133

48‑50..... Adjustments ................................................................................... 133

48‑55..... GST groups treated as single entities for certain purposes ............ 134

48‑60..... GST returns .................................................................................... 134

Subdivision 48‑C--Administrative matters                                                        135

48‑70..... Changing the membership etc. of GST groups ............................... 135

48‑75..... Revoking the approval of GST groups ........................................... 135

48‑80..... Notification by representative members ........................................ 136

48‑85..... Date of effect of approvals and revocations ................................... 136

48‑90..... Notification by the Commissioner ................................................. 137

Subdivision 48‑D--Ceasing to be a member of a GST group                           137

48‑110... Adjustments after you cease to be a member of a GST group ....... 137

48‑115... Changes in extent of creditable purpose after you cease to be a member of a GST group       137

Division 49--GST religious groups                                                                   139

49‑1....... What this Division is about ............................................................ 139

Subdivision 49‑A--Approval of GST religious groups                                     139

49‑5....... Approval of GST religious groups ................................................. 139

49‑10..... Membership requirements of a GST religious group ..................... 140

Subdivision 49‑B--Consequences of approval of GST religious groups       140

49‑30..... Supplies between members of GST religious groups ..................... 140

49‑35..... Acquisitions between members of GST religious groups ............... 140

49‑40..... Adjustment events .......................................................................... 140

49‑45..... Changes in the extent of creditable purpose ................................... 141

49‑50..... GST religious groups treated as single entities for certain purposes 141

Subdivision 49‑C--Administrative matters                                                        142

49‑70..... Changing the membership etc. of GST religious groups ................. 142

49‑75..... Revoking the approval of GST religious groups ............................ 142

49‑80..... Notification by principal members ................................................. 143

49‑85..... Date of effect of approvals and revocations ................................... 143

49‑90..... Notification by the Commissioner ................................................. 144

Division 50--GST treatment of religious practitioners                           145

Guide to Division 50                                                                                                 145

50‑1....... What this Division is about ............................................................ 145

50‑5....... GST treatment of religious practitioners ........................................ 145

Division 51--GST joint ventures                                                                        146

51‑1....... What this Division is about ............................................................ 146

Subdivision 51‑A--Approval of GST joint ventures                                           146

51‑5....... Approval of GST joint ventures .................................................... 146

51‑10..... Participation requirements of a GST joint venture ......................... 147

Subdivision 51‑B--Consequences of approval of GST joint ventures            147

51‑30..... Who is liable for GST ..................................................................... 147

51‑35..... Who is entitled to input tax credits ................................................ 148

51‑40..... Adjustments ................................................................................... 148

51‑45..... Additional net amounts relating to GST joint ventures .................. 149

51‑50..... GST returns relating to GST joint ventures ................................... 150

51‑52..... Consolidation of GST returns relating to GST joint ventures ........ 150

51‑55..... Payments of GST relating to GST joint ventures .......................... 151

51‑60..... Refunds relating to GST joint ventures .......................................... 151

Subdivision 51‑C--Administrative matters                                                        152

51‑70..... Changing the participants etc. of GST joint ventures .................... 152

51‑75..... Revoking the approval of GST joint ventures ................................ 153

51‑80..... Notification by joint venture operators .......................................... 153

51‑85..... Date of effect of approvals and revocations ................................... 154

51‑90..... Notification by the Commissioner ................................................. 154

Subdivision 51‑D--Ceasing to be a participant in, or an operator of, a GST joint venture                 154

51‑110... Adjustments after you cease to be a participant in a GST joint venture 154

51‑115... Changes in extent of creditable purpose after you cease to be a member of a GST joint venture            155

Division 54--GST branches                                                                                   156

54‑1....... What this Division is about ............................................................ 156

Subdivision 54‑A--Registration of GST branches                                            156

54‑5....... Registration of GST branches ......................................................... 156

54‑10..... The date of effect of registration of a GST branch ......................... 157

54‑15..... GST branch registration number ..................................................... 157

Subdivision 54‑B--Consequences of registration of GST branches              157

54‑40..... Additional net amounts relating to GST branches .......................... 157

54‑45..... Net amounts of parent entities ....................................................... 158

54‑50..... Tax invoices and adjustment notes ................................................. 159

54‑55..... GST returns relating to GST branches ........................................... 159

54‑60..... Payments of GST relating to GST branches .................................. 160

54‑65..... Refunds relating to GST branches .................................................. 160

Subdivision 54‑C--Cancellation of registration of GST branches                 160

54‑70..... When an entity must apply for cancellation of registration of a GST branch          160

54‑75..... When the Commissioner must cancel registration of a GST branch 161

54‑80..... The date of effect of cancellation of registration of a GST branch . 161

54‑85..... Application of Subdivision 25‑B .................................................... 162

54‑90..... Effect on GST branches of cancelling the entity's registration ...... 162

Division 57--Resident agents acting for non‑residents                         163

57‑1....... What this Division is about ............................................................ 163

57‑5....... Who is liable for GST ..................................................................... 163

57‑10..... Who is entitled to input tax credits ................................................ 163

57‑15..... Adjustments ................................................................................... 163

57‑20..... Resident agents are required to be registered .................................. 164

57‑25..... Cancellation of registration of a resident agent ............................... 164

57‑30..... Notice of cessation of agency ......................................................... 164

57‑35..... Tax periods of resident agents ........................................................ 164

57‑40..... GST returns for non‑residents ........................................................ 165

57‑45..... Resident agents giving GST returns ................................................ 165

57‑50..... Non‑residents that belong to GST groups ...................................... 166

Division 60--Pre‑establishment costs                                                             167

60‑1....... What this Division is about ............................................................ 167

60‑5....... Input tax credit for acquisitions and importations before establishment 167

60‑10..... Registration etc. not needed for input tax credits ........................... 167

60‑15..... Pre‑establishment acquisitions and importations ........................... 168

60‑20..... Creditable purpose ......................................................................... 168

60‑25..... Attributing the input tax credit for pre‑establishment acquisitions 169

60‑30..... Attributing the input tax credit for pre‑establishment importations 170

60‑35..... Application of Division 129 ........................................................... 170

Division 63--Non‑profit sub‑entities                                                                171

63‑1....... What this Division is about ............................................................ 171

63‑5....... Entities that may choose to apply this Division ............................ 171

63‑10..... Period for which a choice has effect ............................................... 172

63‑15..... Consequences of choosing to apply this Division ......................... 172

63‑20..... Non‑profit sub‑entities may register .............................................. 173

63‑25..... Registration turnover threshold for non‑profit sub‑entities ........... 173

63‑30..... When non‑profit sub‑entities must apply for cancellation of registration               173

63‑35..... When the Commissioner must cancel registration of non‑profit sub‑entities           173

63‑40..... Effect on adjustments of becoming a non‑profit sub‑entity ........... 174

63‑45..... Effect on adjustments of ceasing to be a non‑profit sub‑entity ..... 174

63‑50..... Membership requirements of GST groups ..................................... 175

Part 4‑2--Special rules mainly about supplies and acquisitions                176

Division 66--Second‑hand goods                                                                        176

66‑1....... What this Division is about ............................................................ 176

Subdivision 66‑A--Input tax credits for acquiring second‑hand goods         176

66‑5....... Creditable acquisitions of second‑hand goods ................................ 176

66‑10..... Amounts of input tax credits for creditable acquisitions of second‑hand goods      177

66‑15..... Attributing input tax credits for creditable acquisitions of second‑hand goods        177

66‑17..... Records of creditable acquisitions of second‑hand goods ............... 178

Subdivision 66‑B--Acquisitions of second‑hand goods that are divided for re‑supply        179

66‑40..... Acquisitions of second‑hand goods that can be used to offset GST on future re‑supplies      179

66‑45..... Future re‑supplies that are not taxable supplies ............................ 180

66‑50..... Future re‑supplies on which GST is reduced ................................. 181

66‑55..... Records of acquisitions of second‑hand goods to which this Subdivision applied   181

66‑60..... Input tax credits for acquiring second‑hand goods the supply of which is not fully taxable   182

66‑65..... Total Subdivision 66‑B credit amounts and Subdivision 66‑B GST amounts          182

66‑70..... Commissioner may determine rules for applying this Subdivision 183

Division 69--Non‑deductible expenses                                                          184

69‑1....... What this Division is about ............................................................ 184

Subdivision 69‑A--Non‑deductible expenses generally                                    184

69‑5....... Non‑deductible expenses do not give rise to creditable acquisitions or creditable importations              184

69‑10..... Amounts of input tax credits for creditable acquisitions or creditable importations of certain cars        185

Subdivision 69‑B--Elections for GST purposes relating to meal entertainment and entertainment facilities              186

69‑15..... What this Subdivision is about ....................................................... 186

69‑20..... Effect of elections on net amounts ................................................. 187

69‑25..... Election to use the 50/50 split method for meal entertainment ...... 187

69‑30..... Election to use the 12 week register method for meal entertainment 187

69‑35..... Election to use the 50/50 split method for entertainment facilities 188

69‑40..... When elections take effect .............................................................. 188

69‑45..... When elections cease to have effect ................................................ 188

69‑50..... Adjustment events relating to elections .......................................... 189

69‑55..... Adjustment notes not required ....................................................... 191

Division 70--Financial supplies (reduced credit acquisitions)            192

70‑1....... What this Division is about ............................................................ 192

70‑5....... Acquisitions that attract the reduced credit .................................... 192

70‑10..... Extended meaning of creditable purpose ........................................ 192

70‑15..... How much are the reduced input tax credits? ................................. 193

70‑20..... Extent of creditable purpose ........................................................... 193

70‑25..... Sale of reduced credit acquisitions (Division 132) .......................... 194

Division 71--Fringe benefits provided by input taxed suppliers       196

71‑1....... What this Division is about ............................................................ 196

71‑5....... Acquisitions by input taxed suppliers to provide fringe benefits .. 196

71‑10..... Importations by input taxed suppliers to provide fringe benefits . 196

Division 72--Associates                                                                                          198

72‑1....... What this Division is about ............................................................ 198

Subdivision 72‑A--Supplies without consideration                                           198

72‑5....... Taxable supplies without consideration ......................................... 198

72‑10..... The value of taxable supplies without consideration ..................... 199

72‑15..... Attributing the GST to tax periods ................................................ 199

Subdivision 72‑B--Acquisitions without consideration                                   199

72‑40..... Creditable acquisitions without consideration ................................ 199

72‑45..... The amount of the input tax credit ................................................. 199

72‑50..... Attributing the input tax credit to tax periods ................................ 200

Subdivision 72‑C--Supplies for inadequate consideration                              200

72‑70..... The value of taxable supplies for inadequate consideration ........... 200

Subdivision 72‑D--Application of this Division to certain sub‑entities         201

72‑90..... GST branches ................................................................................. 201

72‑92..... Non‑profit sub‑entities ................................................................... 201

72‑95..... Commonwealth government entities .............................................. 201

72‑100... State or Territory government entities ........................................... 202

Division 75--Sale of freehold interests etc.                                                  203

75‑1....... What this Division is about ............................................................ 203

75‑5....... Applying the margin scheme .......................................................... 203

75‑10..... The amount of GST on taxable supplies ........................................ 205

75‑11..... Margins for supplies of real property in particular circumstances 208

75‑12..... Working out margins to take into account failure to pay full consideration             214

75‑13..... Working out margins to take into account supplies to associates .. 214

75‑14..... Consideration for acquisition of real property not to include cost of improvements etc.        215

75‑15..... Subdivided land ............................................................................... 215

75‑16..... Margins for supplies of real property acquired through several acquisitions          215

75‑20..... Supplies under a margin scheme do not give rise to creditable acquisitions             216

75‑22..... Increasing adjustment relating to input tax credit entitlement ........ 216

75‑25..... Adjustments relating to bad debts .................................................. 218

75‑27..... Decreasing adjustment for later payment of consideration ............ 218

75‑30..... Tax invoices not required for supplies of real property under the margin scheme   219

75‑35..... Approved valuations ...................................................................... 219

Division 78--Insurance                                                                                            220

78‑1....... What this Division is about ............................................................ 220

Subdivision 78‑A--Insurers                                                                                  220

78‑5....... GST on insurance premiums is exclusive of stamp duty ............... 220

78‑10..... Decreasing adjustments for settlements of insurance claims .......... 221

78‑15..... How to work out the decreasing adjustments ................................ 221

78‑18..... Increasing adjustments for payments of excess under insurance policies                 223

78‑20..... Settlements of insurance claims do not give rise to creditable acquisitions              224

78‑25..... Supplies in settlement of claims are not taxable supplies .............. 224

78‑30..... Acquisitions by insurers in the course of settling claims under non‑taxable policies               224

78‑35..... Taxable supplies relating to rights of subrogation .......................... 225

78‑40..... Adjustment events relating to decreasing adjustments under this Division              225

78‑42..... Adjustment events relating to increasing adjustments under section 78‑18             226

Subdivision 78‑B--Insured entities etc.                                                              226

78‑45..... Settlements of insurance claims do not give rise to taxable supplies 226

78‑50..... Settlements of insurance claims give rise to taxable supplies if entitlement to input tax credits is not disclosed    226

78‑55..... Payments of excess under insurance policies are not consideration for supplies     228

78‑60..... Supplies of goods to insurers in the course of settling claims ........ 228

Subdivision 78‑C--Third parties                                                                          228

78‑65..... Payments etc. to third parties by insurers ..................................... 228

78‑70..... Payments etc. to third parties by insured entities .......................... 229

78‑75..... Creditable acquisitions relating to rights of subrogation ................. 230

Subdivision 78‑D--Insured entities that are not registered etc.                     230

78‑80..... Net amounts ................................................................................... 230

78‑85..... GST returns .................................................................................... 230

78‑90..... Payments of GST ........................................................................... 231

Subdivision 78‑E--Statutory compensation schemes                                        231

78‑95..... GST on premiums etc. under statutory compensation schemes is exclusive of stamp duty   231

78‑100... Settlements of claims for compensation under statutory compensation schemes    231

78‑105... Meaning of statutory compensation scheme ................................... 232

Subdivision 78‑F--Miscellaneous                                                                         233

78‑110... Effect of judgments and court orders .............................................. 233

78‑115... Exclusion of certain Commonwealth, State or Territory insurance schemes            233

78‑118... Portfolio transfers ........................................................................... 233

78‑120... HIH rescue package ........................................................................ 234

Division 79--Compulsory third party schemes                                           236

79‑1....... What this Division is about ............................................................ 236

Subdivision 79‑A--Modified application of Division 78 to certain compulsory third party scheme payments and supplies under insurance policies                                                           237

79‑5....... Application of sections 78‑10 and 78‑15 (about decreasing adjustments) where premium selection test is satisfied ........................................................................................................ 237

79‑10..... Adjustment where operator becomes aware that correct input tax credit situation differs from basis on which premium selection test was satisfied ............................................................. 238

79‑15..... Application of sections 78‑10 and 78‑15 (about decreasing adjustments) where sole operator election to use average input tax credit entitlement ............................................................. 239

79‑20..... Extension of various references in Division 78 to rights of subrogation to cover other rights of recovery              241

Subdivision 79‑B--Extension of Division 78 to cover certain compulsory third party scheme payments and supplies connected with, but not under, insurance policies                242

79‑25..... Meaning of CTP hybrid payment or supply .................................... 242

79‑30..... Application of Division 78 ............................................................. 242

Subdivision 79‑C--Other payments and supplies under compulsory third party schemes                243

79‑35..... Meaning of CTP compensation or ancillary payment or supply etc. 243

79‑40..... GST on CTP premiums is exclusive of stamp duty ....................... 244

79‑45..... Exclusion of certain compulsory third party schemes ................... 244

79‑50..... Decreasing adjustments for CTP compensation or ancillary payments or supplies                245

79‑55..... Increasing adjustments for payments of excess etc. under compulsory third party schemes 245

79‑60..... Effect of settlements and payments under compulsory third party schemes          246

79‑65..... Taxable supplies relating to recovery by operators of compulsory third party schemes        247

79‑70..... Adjustment events relating to decreasing adjustments for operators of compulsory third party schemes              247

79‑75..... Adjustment events relating to increasing adjustments under section 79‑55             248

79‑80..... Payments of excess under compulsory third party schemes are not consideration for supplies             248

79‑85..... Supplies of goods to operators in the course of settling claims ..... 249

79‑90..... Effect of judgments and court orders .............................................. 249

Subdivision 79‑D--Compulsory third party scheme decreasing adjustments worked out using applicable average input tax credit fraction                                                                        250

79‑95..... How to work out decreasing adjustments using the applicable average input tax credit fraction             250

79‑100... Meaning of average input tax credit fraction .................................. 252

Division 80--Settlement sharing arrangements                                         255

80‑1....... What this Division is about ............................................................ 255

Subdivision 80‑A--Insurance policy settlement sharing arrangements      255

80‑5....... Meaning of insurance policy settlement sharing arrangement etc. 255

80‑10..... Effect of becoming parties to industry deeds or entering into settlement sharing arrangements              256

80‑15..... Effect of contributing operator's payment ..................................... 256

80‑20..... Managing operator's payments or supplies ................................... 257

80‑25..... Contributing operator's payment ................................................... 257

80‑30..... Managing operator's increasing adjustment where contributing operator's payment              258

80‑35..... Adjustment events relating to managing operator's payment or supply                 259

Subdivision 80‑B--Nominal defendant settlement sharing arrangements   260

80‑40..... Meaning of nominal defendant settlement sharing arrangement etc. 260

80‑45..... Nominal defendant settlement sharing arrangements to which this Subdivision applies          261

80‑50..... Effect of becoming parties to industry deeds or entering into nominal defendant settlement sharing arrangements ........................................................................................................ 261

80‑55..... Effect of contributing operator's payment ..................................... 261

80‑60..... Managing operator's payment or supply ...................................... 261

80‑65..... Contributing operator's payment ................................................... 262

80‑70..... Managing operator's increasing adjustment where contributing operator's payment              262

80‑75..... Adjustment events relating to managing operator's payment or supply                 263

Subdivision 80‑C--Hybrid settlement sharing arrangements                        263

80‑80..... Meaning of hybrid settlement sharing arrangement etc. ................ 263

80‑85..... Subdivision 80‑A to apply to hybrid settlement sharing arrangement, subject to exceptions                 264

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             264

80‑95..... Subdivision 80‑B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement             265

Division 81--Payments of taxes, fees and charges                                   266

81‑1....... What this Division is about ............................................................ 266

81‑5....... Payments of taxes etc. can constitute consideration ...................... 266

81‑10..... Supplies need not be connected with Australia if the consideration is the payment of tax etc.               266

Division 82--Supplies in return for rights to develop land                   267

82‑1....... What this Division is about ............................................................ 267

82‑5....... Supplies of rights to develop land do not constitute consideration in certain cases                 267

82‑10..... Supplies by Australian government agencies of rights to develop land are not for consideration            267

Division 83--Non‑residents making supplies connected with Australia               269

83‑1....... What this Division is about ............................................................ 269

83‑5....... "Reverse charge" on supplies made by non‑residents .................... 269

83‑10..... Recipients who are members of GST groups ................................. 269

83‑15..... Recipients who are participants in GST joint ventures ................. 270

83‑20..... The amount of GST on "reverse charged" supplies made by non‑residents            270

83‑25..... When non‑residents must apply for registration ............................ 270

83‑30..... When the Commissioner must register non‑residents .................... 271

83‑35..... Tax invoices not required for "reverse charged" supplies made by non‑residents   271

Division 84--Offshore supplies other than goods or real property 272

84‑1....... What this Division is about ............................................................ 272

84‑5....... Intangible supplies from offshore that are taxable supplies under this Division      272

84‑10..... "Reverse charge" on offshore intangible supplies .......................... 273

84‑12..... The amount of GST on offshore intangible supplies ..................... 273

84‑13..... The amount of input tax credits relating to offshore intangible supplies                 273

84‑14..... Supplies relating to employee share ownership schemes ............... 274

84‑15..... Transfers etc. between branches of the same entity ....................... 275

Division 85--Telecommunication supplies                                                    276

85‑1....... What this Division is about ............................................................ 276

85‑5....... When telecommunication supplies are connected with Australia .. 276

85‑10..... Meaning of telecommunication supply ............................................ 276

Division 87--Long‑term accommodation in commercial residential premises 277

87‑1....... What this Division is about ............................................................ 277

87‑5....... Commercial residential premises that are predominantly for long‑term accommodation         277

87‑10..... Commercial residential premises that are not predominantly for long‑term accommodation   277

87‑15..... Meaning of commercial accommodation ........................................ 278

87‑20..... Meaning of long‑term accommodation etc. .................................... 278

87‑25..... Suppliers may choose not to apply this Division .......................... 279

Division 90--Company amalgamations                                                            280

90‑1....... What this Division is about ............................................................ 280

90‑5....... Supplies not taxable--amalgamated company registered or required to be registered              280

90‑10..... Value of taxable supplies--amalgamated company not registered or required to be registered                280

90‑15..... Acquisitions not creditable--amalgamated company registered or required to be registered   280

90‑20..... Liability after amalgamation for GST on amalgamating company's supplies          281

90‑25..... Entitlement after amalgamation to input tax credits for amalgamating company's acquisitions              281

90‑30..... Adjustments ................................................................................... 281

90‑35..... Amalgamating companies accounting on a cash basis ..................... 282

Division 96--Supplies partly connected with Australia                           284

96‑1....... What this Division is about ............................................................ 284

96‑5....... Supplies that are only partly connected with Australia ................. 284

96‑10..... The value of the taxable components of supplies that are only partly connected with Australia           285

Division 99--Deposits as security                                                                      286

99‑1....... What this Division is about ............................................................ 286

99‑5....... Giving a deposit as security does not constitute consideration ..... 286

99‑10..... Attributing the GST relating to deposits that are forfeited etc. ..... 286

Division 100--Vouchers                                                                                          287

100‑1..... What this Division is about ............................................................ 287

100‑5..... Supplies of vouchers with a stated monetary value ....................... 287

100‑10... Redemption of vouchers ................................................................. 288

100‑12... Consideration on redemption of vouchers ...................................... 288

100‑15... Increasing adjustments for unredeemed vouchers ........................... 289

100‑18... Arrangement for supply of voucher ............................................... 289

100‑20... Vouchers supplied to non‑residents and redeemed by others in Australia               289

100‑25... Meaning of voucher etc. ................................................................. 290

Division 102--Cancelled lay‑by sales                                                               291

102‑1..... What this Division is about ............................................................ 291

102‑5..... Cancelled lay‑by sales .................................................................... 291

102‑10... Attributing GST and input tax credits ............................................ 291

Division 105--Supplies in satisfaction of debts                                           292

105‑1..... What this Division is about ............................................................ 292

105‑5..... Supplies by creditors in satisfaction of debts may be taxable supplies   292

105‑10... Net amounts ................................................................................... 293

105‑15... GST returns .................................................................................... 293

105‑20... Payments of GST ........................................................................... 293

Division 108--Valuation of taxable supplies of goods in bond            295

108‑1..... What this Division is about ............................................................ 295

108‑5..... Taxable supplies of goods in bond etc. ........................................... 295

Division 110--Income tax‑related transactions                                          296

110‑1..... What this Division is about ............................................................ 296

110‑5..... Transfers of tax losses and net capital losses ................................. 296

110‑15... Supplies under operation of consolidated group regime ................. 296

110‑20... Tax sharing agreements--entering into agreement etc. ................... 297

110‑25... Tax sharing agreements--leaving group clear of group liability ..... 297

110‑30... Tax funding agreements .................................................................. 297

Division 111--Reimbursement of employees etc.                                     299

111‑1..... What this Division is about ............................................................ 299

111‑5..... Creditable acquisitions relating to reimbursements ........................ 299

111‑10... Amounts of input tax credits relating to reimbursements .............. 300

111‑15... Tax invoices relating to reimbursements ......................................... 301

111‑18... Application of Division to volunteers working for charitable institutions etc.        301

111‑20... Application of Division to recipients of certain withholding payments 302

111‑25... Employers paying expenses of employees etc. .............................. 303

111‑30... Reimbursements etc. of former or future employees etc. ............... 303

Division 113--PAYG voluntary agreements                                                 305

113‑1..... What this Division is about ............................................................ 305

113‑5..... Supply of work or services not a taxable supply ........................... 305

Part 4‑3--Special rules mainly about importations                                           307

Division 114--Importations without entry for home consumption   307

114‑1..... What this Division is about ............................................................ 307

114‑5..... Importations without entry for home consumption [see Note 2] .. 307

114‑10... Goods that have already been entered for home consumption etc. 309

114‑15... Payments of amounts of GST where security for payment of customs duty is forfeited       310

114‑20... Payments of amounts of GST where delivery into home consumption is authorised under section 71 of the Customs Act .................................................................................................. 310

114‑25... Warehoused goods entered for home consumption by an entity other than the importer       310

Division 117--Valuation of re‑imported goods                                            312

117‑1..... What this Division is about ............................................................ 312

117‑5..... Valuation of taxable importations of goods that were exported for repair or renovation         312

117‑10... Valuation of taxable importations of live animals that were exported 313

117‑15... Refunds of GST on certain re‑importations of live animals ........... 313

Part 4‑4--Special rules mainly about net amounts and adjustments      315

Division 123--Simplified accounting methods for retailers and small enterprise entities           315

123‑1..... What this Division is about ............................................................ 315

123‑5..... Commissioner may determine simplified accounting methods ....... 315

123‑7..... Meaning of small enterprise entity .................................................. 316

123‑10... Choosing to apply a simplified accounting method ....................... 316

123‑15... Net amounts ................................................................................... 317

Division 126--Gambling                                                                                          318

126‑1..... What this Division is about ............................................................ 318

126‑5..... Global accounting system for gambling supplies ........................... 318

126‑10... Global GST amounts ...................................................................... 319

126‑15... Losses carried forward .................................................................... 319

126‑20... Bad debts ........................................................................................ 320

126‑25... Application of Subdivision 9‑C ...................................................... 320

126‑30... Gambling supplies do not give rise to creditable acquisitions ........ 320

126‑32... Repayments of gambling losses are not consideration ................... 320

126‑33... Tax invoices not required for gambling supplies ............................ 321

126‑35... Meaning of gambling supply and gambling event .......................... 321

Division 129--Changes in the extent of creditable purpose                322

129‑1..... What this Division is about ............................................................ 322

Subdivision 129‑A--General                                                                                 322

129‑5..... Adjustments arising under this Division ........................................ 322

129‑10... Adjustments do not arise under this Division for acquisitions and importations below a certain value 323

129‑15... Adjustments do not arise under this Division where there are adjustments under Division 130             323

Subdivision 129‑B--Adjustment periods                                                             323

129‑20... Adjustment periods ........................................................................ 323

129‑25... Effect on adjustment periods of things being disposed of etc. ....... 325

Subdivision 129‑C--When adjustments for acquisitions and importations arise               326

129‑40... Working out whether you have an adjustment ............................... 326

129‑45... Gifts to gift‑deductible entities ....................................................... 327

129‑50... Creditable purpose ......................................................................... 328

129‑55... Meaning of apply ............................................................................ 328

Subdivision 129‑D--Amounts of adjustments for acquisitions and importations                329

129‑70... The amount of an increasing adjustment ........................................ 329

129‑75... The amount of a decreasing adjustment .......................................... 329

129‑80... Effect of adjustment under Division 19 or 21 ................................ 330

Subdivision 129‑E--Attributing adjustments under this Division                 330

129‑90... Attributing your adjustments for changes in extent of creditable purpose               330

Division 130--Goods applied solely to private or domestic use        331

130‑1..... What this Division is about ............................................................ 331

130‑5..... Goods applied solely to private or domestic use ........................... 331

Division 131--Annual apportionment of creditable purpose               332

131‑1..... What this Division is about ............................................................ 332

Subdivision 131‑A--Electing to have annual apportionment                           332

131‑5..... Eligibility to make an annual apportionment election .................... 332

131‑10... Making an annual apportionment election ..................................... 333

131‑15... Annual apportionment elections by representative members of GST groups         333

131‑20... Duration of an annual apportionment election ............................... 333

Subdivision 131‑B--Consequences of electing to have annual apportionment 335

131‑40... Input tax credits for acquisitions that are partly creditable ............ 335

131‑45... Input tax credits for importations that are partly creditable .......... 336

131‑50... Amounts of input tax credits for creditable acquisitions or creditable importations of certain cars        337

131‑55... Increasing adjustments relating to annually apportioned acquisitions and importations         337

131‑60... Attributing adjustments under section 131‑55 ............................... 339

Division 132--Supplies of things acquired etc. without full input tax credits      341

132‑1..... What this Division is about ............................................................ 341

132‑5..... Decreasing adjustments for supplies of things acquired, imported or applied for a purpose that is not fully creditable ........................................................................................................ 341

132‑10... Attribution of adjustments under this Division ............................. 342

Division 135--Supplies of going concerns                                                     344

135‑1..... What this Division is about ............................................................ 344

135‑5..... Initial adjustments for supplies of going concerns ......................... 344

135‑10... Later adjustments for supplies of going concerns .......................... 344

Division 136--Bad debts relating to transactions that are not taxable or creditable to the fullest extent                                                                                                                     346

136‑1..... What this Division is about ............................................................ 346

Subdivision 136‑A--Bad debts relating to partly taxable or creditable transactions          346

136‑5..... Adjustments relating to partly taxable supplies ............................. 346

136‑10... Adjustments in relation to partly creditable acquisitions ............... 347

Subdivision 136‑B--Bad debts relating to transactions that are taxable or creditable at less than 1/11 of the price 348

136‑30... Writing off bad debts (taxable supplies) ......................................... 348

136‑35... Recovering amounts previously written off (taxable supplies) ...... 349

136‑40... Bad debts written off (creditable acquisitions) ............................... 350

136‑45... Recovering amounts previously written off (creditable acquisitions) 351

136‑50... Meanings of taxable at less than ¹/11 of the price and creditable at less than ¹/11 of the consideration   353

Division 137--Stock on hand on becoming registered etc.                  354

137‑1..... What this Division is about ............................................................ 354

137‑5..... Adjustments for stock on hand on becoming registered etc. .......... 354

Division 138--Cessation of registration                                                         355

138‑1..... What this Division is about ............................................................ 355

138‑5..... Adjustments for cessation of registration ....................................... 355

138‑10... Attributing adjustments for cessation of registration ..................... 356

138‑15... Ceasing to be registered--amounts not previously attributed ....... 356

138‑17... Situations to which this Division does not apply .......................... 357

138‑20... Application of Division 129 ........................................................... 358

Division 139--Distributions from deceased estates                                 359

139‑1..... What this Division is about ............................................................ 359

139‑5..... Adjustments for distributions from deceased estates ..................... 359

139‑10... Attributing adjustments for distributions from deceased estates ... 360

139‑15... Application of Division 129 ........................................................... 360

Division 141--Tradex scheme goods                                                               361

141‑1..... What this Division is about ............................................................ 361

141‑5..... Adjustments for applying goods contrary to the Tradex Scheme .. 361

141‑10... Meaning of tradex scheme goods etc. ............................................. 362

141‑15... Attribution of adjustments under this Division ............................. 362

141‑20... Application of Division 129 ........................................................... 362

Part 4‑5--Special rules mainly about registration                                             363

Division 144--Taxis                                                                                                   363

144‑1..... What this Division is about ............................................................ 363

144‑5..... Requirement to register ................................................................... 363

Division 147--Representatives of incapacitated entities                      364

147‑1..... What this Division is about ............................................................ 364

147‑5..... Representatives are required to be registered ................................. 364

147‑10... Cancellation of registration of a representative .............................. 364

147‑15... Notice of cessation of representation ............................................. 364

147‑20... Adjustments ................................................................................... 365

147‑25... Tax periods of representatives ....................................................... 365

Division 149--Government entities                                                                  366

149‑1..... What this Division is about ............................................................ 366

149‑5..... Government entities may register ................................................... 366

149‑10... Government entities are not required to be registered .................... 366

149‑15... This Act applies to registered government entities ........................ 367

149‑20... Government entities not required to cancel their registration ......... 367

149‑25... Membership requirements of a government GST group ................ 367

Part 4‑6--Special rules mainly about tax periods                                              368

Division 151--Annual tax periods                                                                      368

151‑1..... What this Division is about ............................................................ 368

Subdivision 151‑A--Electing to have annual tax periods                                  368

151‑5..... Eligibility to make an annual tax period election ............................ 368

151‑10... Making an annual tax period election ............................................. 369

151‑15... Annual tax period elections by representative members of GST groups                 369

151‑20... When you must make your annual tax period election ................... 369

151‑25... Duration of an annual tax period election ....................................... 370

Subdivision 151‑B--Consequences of electing to have annual tax periods   372

151‑40... Annual tax periods .......................................................................... 372

151‑45... When GST returns for annual tax periods must be given ............... 372

151‑50... When payments of net amounts for annual tax periods must be made 373

151‑55... An entity's concluding annual tax period ....................................... 373

151‑60... The effect of bankruptcy, liquidation or receivership etc. ............. 373

151‑65... The effect of changing the membership of GST groups--end of the annual tax period           374

151‑70... The effect of changing the membership of GST groups--tax periods for the remainder of a financial year            375

Division 153--Agents and insurance brokers                                             376

153‑1..... What this Division is about ............................................................ 376

Subdivision 153‑A--General                                                                                 376

153‑5..... Attributing the input tax credits for your creditable acquisitions .. 376

153‑10... Attributing your adjustments ......................................................... 377

153‑15... Tax invoices .................................................................................... 377

153‑20... Adjustment notes ........................................................................... 378

153‑25... Insurance supplied through insurance brokers ............................... 378

Subdivision 153‑B--Principals and agents as separate suppliers or acquirers 378

153‑50... Arrangements under which agents are treated as suppliers or acquirers   378

153‑55... The effect of these arrangements on supplies ................................ 379

153‑60... The effect of these arrangements on acquisitions ........................... 380

153‑65... Determinations that supplies or acquisitions are taken to be under these arrangements          381

Division 156--Supplies and acquisitions made on a progressive or periodic basis         383

156‑1..... What this Division is about ............................................................ 383

156‑5..... Attributing the GST on progressive or periodic supplies .............. 383

156‑10... Attributing the input tax credits on progressive or periodic acquisitions                 383

156‑15... Progressive or periodic supplies partly connected with Australia . 384

156‑20... Application of Division 129 to progressive or periodic acquisitions 384

156‑22... Leases etc. treated as being on a progressive or periodic basis ....... 384

156‑25... Accounting on a cash basis ............................................................. 385

Division 157--Accounting basis of charitable institutions etc.           386

157‑1..... What this Division is about ............................................................ 386

157‑5..... Charitable institutions etc. choosing to account on a cash basis .... 386

157‑10... Charitable institutions etc. ceasing to account on a cash basis ....... 387

Division 159--Changing your accounting basis                                          388

159‑1..... What this Division is about ............................................................ 388

159‑5..... Ceasing to account on a cash basis--amounts not previously attributed                 388

159‑10... Ceasing to account on a cash basis--amounts partly attributed .... 389

159‑15... Ceasing to account on a cash basis--bad debts .............................. 390

159‑20... Starting to account on a cash basis ................................................. 391

159‑25... Starting to account on a cash basis--bad debts .............................. 391

159‑30... Entities ceasing to exist or coming into existence ........................... 391

Part 4‑7--Special rules mainly about returns, payments and refunds   392

Division 162--Payment of GST by instalments                                           392

162‑1..... What this Division is about ............................................................ 392

Subdivision 162‑A--Electing to pay GST by instalments                                 392

162‑5..... Eligibility to elect to pay GST by instalments ............................... 392

162‑10... Your current GST lodgment record ................................................ 394

162‑15... Electing to pay GST by instalments .............................................. 394

162‑20... Elections by representative members of GST groups .................... 395

162‑25... When you must make your election ............................................... 395

162‑30... Duration of your election ............................................................... 396

Subdivision 162‑B--Consequences of electing to pay GST by instalments 398

162‑50... GST instalment payers ................................................................... 398

162‑55... Tax periods for GST instalment payers ......................................... 398

162‑60... When GST returns for GST instalment payers must be given ....... 398

162‑65... The form and contents of GST returns for GST instalment payers 399

162‑70... Payment of GST instalments ......................................................... 399

162‑75... Giving notices relating to GST instalments .................................... 400

162‑80... Certain entities pay only 2 GST instalments for each year ........... 401

162‑85... A GST instalment payer's concluding tax period .......................... 401

162‑90... The effect of bankruptcy, liquidation or receivership etc. ............. 402

162‑95... The effect of changing the membership of GST groups ................. 403

162‑100. General interest charge on late payment ......................................... 403

162‑105. Net amounts for GST instalment payers ....................................... 404

162‑110. When payments of net amounts must be made--GST instalment payers               404

Subdivision 162‑C--GST instalments                                                                 404

162‑130. What are your GST instalments ..................................................... 404

162‑135. Notified instalment amounts .......................................................... 405

162‑140. Varied instalment amounts ............................................................. 406

162‑145. Your annual GST liability ............................................................... 407

Subdivision 162‑D--Penalty payable in certain cases if varied instalment amounts are too low      407

162‑170. What this Subdivision is about ....................................................... 407

162‑175. GST payments are less than 85% of annual GST liability ............. 408

162‑180. Estimated annual GST amount is less than 85% of annual GST liability                 410

162‑185. Shortfall in GST instalments worked out on the basis of estimated annual GST amount        411

162‑190. Periods for which penalty is payable ............................................. 412

162‑195. Reduction in penalties if notified instalment amount is less than 25% of annual GST liability               413

162‑200. Reduction in penalties if GST instalment shortfall is made up in a later instalment                414

162‑205. This Subdivision does not create a liability for general interest charge 415

Division 165--Anti‑avoidance                                                                              416

165‑1..... What this Division is about ............................................................ 416

Subdivision 165‑A--Application of this Division                                               417

165‑5..... When does this Division operate? .................................................. 417

165‑10... When does an entity get a GST benefit from a scheme? ................. 418

165‑15... Matters to be considered in determining purpose or effect ............ 419

Subdivision 165‑B--Commissioner may negate effects of schemes for GST benefits       420

165‑40... Commissioner may negate avoider's GST benefits ........................ 420

165‑45... Commissioner may reduce an entity's net amount or GST to compensate             421

165‑50... GST or refund payable in accordance with declaration .................. 422

165‑55... Commissioner may disregard scheme in making declarations ......... 422

165‑60... One declaration may cover several tax periods and importations .. 423

165‑65... Commissioner must give copy of declaration to entity affected .... 423

Division 168--Tourist refund scheme                                                              424

168‑1..... What this Division is about ............................................................ 424

168‑5..... Tourist refund scheme .................................................................... 424

Division 171--Customs security etc. given on taxable importations 425

171‑1..... What this Division is about ............................................................ 425

171‑5..... Security or undertaking given under section 162 or 162A of the Customs Act       425

Chapter 5--Miscellaneous                                                                                             427

Part 5‑1--Miscellaneous                                                                                                 427

Division 176--Endorsement of charitable institutions etc.                   427

176‑1..... Endorsement by Commissioner as charitable institution ............... 427

176‑5..... Endorsement by Commissioner as trustee of a charitable fund ...... 427

Division 177--Miscellaneous                                                                               428

177‑1..... Commonwealth etc. not liable to pay GST .................................... 428

177‑3..... Acquisitions from State or Territory bodies where GST liability is notional          429

177‑5..... Cancellation of exemptions from GST ........................................... 429

177‑10... Ministerial determinations .............................................................. 429

177‑11... Delegation by Aged Care Secretary ................................................ 430

177‑12... GST implications of references to price, value etc. in other Acts .. 431

177‑15... Regulations ..................................................................................... 431

Chapter 6--Interpreting this Act                                                                                432

Part 6‑1--Rules for interpreting this Act                                                               432

Division 182--Rules for interpreting this Act                                             432

182‑1..... What forms part of this Act ........................................................... 432

182‑5..... What does not form part of this Act .............................................. 432

182‑10... Explanatory sections, and their role in interpreting this Act .......... 433

182‑15... Schedules 1, 2 and 3 ........................................................................ 433

Part 6‑2--Meaning of some important concepts                                                434

Division 184--Meaning of entity                                                                         434

184‑1..... Entities ............................................................................................ 434

184‑5..... Supplies etc. by partnerships and other unincorporated bodies .... 435

Division 188--Meaning of GST turnover                                                       436

188‑1..... What this Division is about ............................................................ 436

188‑5..... Explanation of the turnover thresholds .......................................... 436

188‑10... Whether your GST turnover meets, or does not exceed, a turnover threshold         437

188‑15... Current GST turnover .................................................................... 438

188‑20... Projected GST turnover .................................................................. 439

188‑22... Settlements of insurance claims to be disregarded .......................... 440

188‑23... Supplies "reverse charged" under Division 83 not to be included in a recipient's GST turnover            440

188‑24... Supplies to which Subdivision 153‑B applies ................................ 440

188‑25... Transfer of capital assets, and termination etc. of enterprise, to be disregarded      441

188‑30... The value of non‑taxable supplies .................................................. 441

188‑32... The value of gambling supplies ...................................................... 441

188‑35... The value of loans ........................................................................... 442

188‑40... Supplies of employee services by overseas entities to be disregarded for the registration turnover threshold        442

Division 189--Exceeding the financial acquisitions threshold            443

189‑1..... What this Division is about ............................................................ 443

189‑5..... Exceeding the financial acquisitions threshold--current acquisitions 443

189‑10... Exceeding the financial acquisitions threshold--future acquisitions 444

189‑15... Meaning of financial acquisition ..................................................... 445

Division 190--90% owned groups of companies                                       446

190‑1..... 90% owned groups ......................................................................... 446

190‑5..... When a company has at least a 90% stake in another company .... 446

Part 6‑3--Dictionary                                                                                                          447

Division 195--Dictionary                                                                                         447

195‑1..... Dictionary ....................................................................................... 447

Schedule 1--Food that is not GST‑free                                                                   487

1............ Food that is not GST‑free .............................................................. 487

2............ Prepared food, bakery products and biscuit goods ........................ 488

3............ Prepared meals ................................................................................ 489

4............ Candied peel ................................................................................... 489

5............ Goods that are not biscuit goods .................................................... 489

Schedule 2--Beverages that are GST‑free                                                          490

1............ Beverages that are GST‑free ........................................................... 490

2............ Tea, coffee etc. ................................................................................ 491

3............ Fruit and vegetable juices ................................................................ 491

Schedule 3--Medical aids and appliances                                                             492

Notes                                                                                                                                           499

An Act about a goods and services tax to implement A New Tax System, and for related purposes

Notes to the A New Tax System (Goods and Services Tax) Act 1999

Note 1

The A New Tax System (Goods and Services Tax) Act 1999 as shown in this compilation comprises Act No. 55, 1999 amended as indicated in the Tables below.

For transitional provisions relating to the implementation of the GST see the A New Tax System (Goods and Services Tax Transition) Act 1999 (No. 57, 1999).

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

For all other relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
A New Tax System (Goods and Services Tax) Act 1999	55, 1999	8 July 1999	1 July 2000
Appropriation (Supplementary Measures) Act (No. 1) 1999	154, 1999	11 Nov 1999	11 Nov 1999	--
A New Tax System (Indirect Tax and Consequential Amendments) Act 1999	176, 1999	22 Dec 1999	Schedule 1 (items 1-126, 128-132, 134-168): (a) Schedule 1 (items 127, 133): 1 July 2000 (a) Schedule 7 (items 9-16): (a)	--
A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999	177, 1999	22 Dec 1999	Schedule 1 (items 1-162): (b)	--
as amended by
Taxation Laws Amendment Act (No. 8) 2000	156, 2000	21 Dec 2000	Schedule 7 (item 9): (ba)	--
A New Tax System (Pay As You Go) Act 1999	178, 1999	22 Dec 1999	Schedule 1 (items 50-69): Royal Assent (c)	--
A New Tax System (Tax Administration) Act 1999	179, 1999	22 Dec 1999	Schedule 2 (items 5-8): (d) Schedule 12 (items 1, 2) and Schedule 15 (items 1-6): 1 July 2000 (d)	--
A New Tax System (Fringe Benefits) Act 2000	52, 2000	30 May 2000	30 May 2000	--
Indirect Tax Legislation Amendment Act 2000	92, 2000	30 June 2000	Schedule 1 (items 1-9), Schedules 2, 3, Schedule 4 (items 1-9), Schedule 5, Schedule 6 (items 1-6), Schedule 7 (items 4-25), Schedule 8 (items 1-5), Schedule 9 (items 1-11) and Schedule 11 (items 3-13): (e)	--
Taxation Laws Amendment Act (No. 8) 2000	156, 2000	21 Dec 2000	Schedule 1 (items 1-16, 18), Schedule 2 (items 1-12, 25), Schedule 3, Schedule 4, Schedule 5 (items 1-3, 18(1)), and Schedule 6 (items 1-40, 49(1), (2)): Royal Assent Schedule 7 (items 1-7): (f)	Sch. 1 (item 18), Sch. 2 (item 25), Sch. 3 (item 34), Sch. 4 (item 20), Sch. 5 (item 18(1)) and Sch. 6 (item 49(1), (2))
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (items 31-34): 15 July 2001 (see Gazette 2001, No. S285) (g)	Ss. 4- 14
Taxation Laws Amendment Act (No. 3) 2001	73, 2001	30 June 2001	Schedule 1 (items 69-78): 23 May 2001 Schedule 2 (items 48-52): 1 Jan 2001 Schedule 3 (items 34-36): 1 Apr 2001 Remainder: Royal Assent	Sch. 1 (items 22, 62(1), 66, 68)
New Business Tax System (Capital Allowances--Transitional and Consequential) Act 2001	77, 2001	30 June 2001	Schedule 2 (items 10-14, 488(1)): Royal Assent (h)	Sch. 2 (item 488(1)) (am. by 119, 2002, Sch. 3 [item 97])
as amended by
Taxation Laws Amendment Act (No. 5) 2002	119, 2002	2 Dec 2002	Schedule 3 (item 97): (i)	--
Taxation Laws Amendment Act (No. 5) 2001	168, 2001	1 Oct 2001	Schedule 2: 1 July 2000 Remainder: Royal Assent	Sch. 1 (item 6)
Taxation Laws Amendment Act (No. 6) 2001	169, 2001	1 Oct 2001	S. 4 and Schedule 5 (items 9A, 12-14): Royal Assent (j) Schedule 5 (items 10, 11): (j)	S. 4 and Sch. 5 (item 14)
as amended by
Taxation Laws Amendment Act (No. 2) 2002	57, 2002	3 July 2002	Schedule 12 (item 57): (k)	--
Customs Legislation Amendment Act (No. 1) 2002	82, 2002	10 Oct 2002	Schedule 3 (item 8): (l)	--
Taxation Laws Amendment Act (No. 3) 2002	97, 2002	10 Nov 2002	Schedule 1 (items 1-6, 9-11, 14-16, 19): Royal Assent	Sch. 1 (items 6, 19)
Taxation Laws Amendment Act (No. 6) 2003	67, 2003	30 June 2003	Schedule 11 (items 1-41, 43): Royal Assent	Sch. 11 (items 17, 43)
Taxation Laws Amendment Act (No. 3) 2003	101, 2003	14 Oct 2003	Schedule 6 (item 2): (m)	--
Taxation Laws Amendment Act (No. 2) 2004	20, 2004	23 Mar 2004	Schedule 6: 1 July 2000 Remainder: Royal Assent	Sch. 1 (item 6)
Tax Laws Amendment (2004 Measures No. 2) Act 2004	83, 2004	25 June 2004	Schedule 7: Royal Assent	Sch. 7 (item 14)
Tax Laws Amendment (2004 Measures No. 1) Act 2004	95, 2004	29 June 2004	Schedule 10 (items 4-17, 42, 44(1), (2)): 1 July 2005	Sch. 10 (items 42, 44(1), (2))
Taxation Laws Amendment Act (No. 1) 2004	101, 2004	30 June 2004	Schedule 6: Royal Assent	Sch. 6 (item 11)
Tax Laws Amendment (Small Business Measures) Act 2004	134, 2004	13 Dec 2004	Schedule 3 (items 1-4): (n) Remainder: Royal Assent	Sch. 1 (item 16), Sch. 2 (item 23), and Sch. 3 (item 10)
Tax Laws Amendment (Retirement Villages) Act 2004	143, 2004	14 Dec 2004	14 Dec 2004	Sch. 1 (items 13, 14, 17, 18) Sch. 1 (items 15, 16) (am. by 73, 2006, Sch. 5 [items 168, 169])
as amended by
Fuel Tax (Consequential and Transitional Provisions) Act 2006	73, 2006	26 June 2006	Schedule 5 (items 168, 169): 1 July 2006	--
Tax Laws Amendment (Long‑term Non‑reviewable Contracts) Act 2005	10, 2005	22 Feb 2005	Schedule 1 (items 3-5): 1 July 2005	--
Tax Laws Amendment (2004 Measures No. 6) Act 2005	23, 2005	21 Mar 2005	Schedule 9: Royal Assent	Sch. 9 (item 3)
Tax Laws Amendment (2004 Measures No. 7) Act 2005	41, 2005	1 Apr 2005	Schedule 10 (items 1-14): Royal Assent	Sch. 10 (items 2, 9, 12)
Tax Laws Amendment (2005 Measures No. 1) Act 2005	77, 2005	29 June 2005	29 June 2005	Sch. 3 (items 17, 18)
Tax Laws Amendment (2005 Measures No. 2) Act 2005	78, 2005	29 June 2005	29 June 2005	Sch. 6 (items 21, 28)
Tax Laws Amendment (2006 Measures No. 1) Act 2006	32, 2006	6 Apr 2006	6 Apr 2006	Sch. 4 (items 20, 21)
Tax Laws Amendment (2006 Measures No. 2) Act 2006	58, 2006	22 June 2006	Schedule 7 (items 2-15, 220-226): Royal Assent	Sch. 7 (item 4)
Fuel Tax (Consequential and Transitional Provisions) Act 2006	73, 2006	26 June 2006	Schedule 5 (items 2, 3, 65-137): 1 July 2006 (see s. 2(1))	--
Tax Laws Amendment (2006 Measures No. 3) Act 2006	80, 2006	30 June 2006	Schedule 10 (items 3-5): 1 July 2005 Schedules 12 and 15: Royal Assent	Sch. 10 (item 5), Sch. 12 (items 2, 16) and Sch. 15 (item 10)
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	101, 2006	14 Sept 2006	Schedule 2 (items 13, 1017, 1019) and Schedule 6 (items 1, 6-11): Royal Assent	Sch. 6 (items 1, 6-11)
Tax Laws Amendment (2006 Measures No. 5) Act 2006	110, 2006	23 Oct 2006	Schedule 2: Royal Assent	Sch. 2 (item 4)
Tax Laws Amendment (2006 Measures No. 6) Act 2007	4, 2007	19 Feb 2007	Schedule 2 (item 25): Royal Assent	--
Private Health Insurance (Transitional Provisions and Consequential Amendments) Act 2007	32, 2007	30 Mar 2007	Schedule 2 (item 2A): Royal Assent Schedule 2 (item 3): 1 Apr 2007 (see s. 2(1))	--
Tax Laws Amendment (2007 Measures No. 1) Act 2007	56, 2007	12 Apr 2007	12 Apr 2007	Sch. 3 (item 39)
Tax Laws Amendment (2007 Measures No. 2) Act 2007	78, 2007	21 June 2007	Schedule 2 (items 5, 18): Royal Assent	Sch. 2 (item 18)
Tax Laws Amendment (Small Business) Act 2007	80, 2007	21 June 2007	21 June 2007	Sch. 2 (items 67(1), 68-70)
Tax Laws Amendment (Simplified GST Accounting) Act 2007	112, 2007	28 June 2007	28 June 2007	Sch 1 (item 18)
Tax Laws Amendment (2007 Measures No. 4) Act 2007	143, 2007	24 Sept 2007	Schedule 1 (items 6, 7, 222, 225, 226): Royal Assent Schedule 7 (items 2-6): 1 July 2006	Sch. 1 (items 222, 225, 226)
Tax Laws Amendment (2008 Measures No. 4) Act 2008	97, 2008	3 Oct 2008	Schedule 3 (item 1): Royal Assent	--
Tax Laws Amendment (2008 Measures No. 5) Act 2008	145, 2008	9 Dec 2008	Schedule 1 (items 1-13): Royal Assent	Sch 1 (item 13)
Tax Laws Amendment (2008 Measures No. 6) Act 2009	14, 2009	26 Mar 2009	Schedule 4 (item 1): Royal Assent	--
Customs Legislation Amendment (Name Change) Act 2009	33, 2009	22 May 2009	Schedule 2 (item 3): 23 May 2009	--

(a)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 1 (items 1-168) and Schedule 7 (items 9-16) only of the A New Tax System (Indirect Tax and Consequential Amendments) Act 1999, subsections 2(2), (5) and (14)(b) of which provide as follows:

                 (2)   Part 1 of Schedule 1 (other than items 127 and 133) commences immediately after the commencement of the A New Tax System (Goods and Services Tax) Act 1999.

                 (5)   Items 127, 133, 187, 189, 190, 232 and 235 of Schedule 1 commence, or are taken to have commenced, on 1 July 2000, or immediately after the commencement of item 9 of Schedule 3 to the A New Tax System (Pay As You Go) Act 1999, whichever is later.

               (14)   If the Tradex Scheme Act 1999 commences before 1 July 2000:

                              (b)   Part 2 of Schedule 7 commences immediately after the commencement of the A New Tax System (Goods and Services Tax) Act 1999.

         A New Tax System (Goods and Services Tax) Act 1999 came into operation on 1 July 2000.

(b)    The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 1 (items 1-162) only of the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999, subsection 2(2) of which provides as follows:

                 (2)   Part 1 of Schedule 1 to this Act commences immediately after the commencement of Part 1 of Schedule 1 (other than the items for which specific commencement has been provided) to the A New Tax System (Indirect Tax and Consequential Amendments) Act 1999.

         Part 1 of Schedule 1 commences immediately after 1 July 2000.

(ba)  The A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 was amended by Schedule 7 (item 9) only of the Taxation Laws Amendment Act (No. 8) 2000, subsection 2(5) of which provides as follows:

                 (5)   Items 9 and 10 of Schedule 7 are taken to have commenced immediately after the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 received the Royal Assent.

         A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 received the Royal Assent on 22 December 1999.

(c)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 1 (items 50-69) only of the A New Tax System (Pay As You Go) Act 1999, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(d)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 2 (items 5-8), Schedule 12 (items 1 and 2) and Schedule 15 (items 1-6) only of the A New Tax System (Tax Administration) Act 1999, subsections 2(1) and (12) of which provide as follows:

                 (1)   Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Pay As You Go) Act 1999.

               (12)   Schedules 12 (other than item 21) and 15 commence, or are taken to have commenced, at the commencement of the A New Tax System (Goods and Services Tax) Act 1999.

         Section 1 commenced on 22 December 1999.

(e)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by the Indirect Tax Legislation Amendment Act 2000, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences immediately after the commencement of Part 1 of Schedule 1 to the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999.

         Part 1 of Schedule 1 commenced on 1 July 2000.

(f)      The A New Tax System (Goods and Services Tax) Act 1999 was amended by the Taxation Laws Amendment Act (No. 8) 2000, subsections 2(1) and (3) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (3)   Items 1 to 7 of Schedule 7 are taken to have commenced immediately after the commencement of items 1 to 9 of Schedule 1 to the Indirect Tax Legislation Amendment Act 2000.

         Items 1 to 9 of Schedule 1 commenced on 1 July 2000.

(g)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 3 (items 31-34) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

(h)     The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 2 (items 10-14) only of the New Business Tax System (Capital Allowances--Transitional and Consequential) Act 2001, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.

(i)      Subsection 2(1) (item 9) of the Taxation Laws Amendment Act (No. 5) 2002, provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
9.  Items 79 to 99 of Schedule 3	Immediately after the commencement of section 2 of the New Business Tax System (Capital Allowances--Transitional and Consequential) Act 2001	30 June 2001

(j)      The A New Tax System (Goods and Services Tax) Act 1999 was amended by Schedule 5 (items 9A and 10-13) only of the Taxation Laws Amendment Act (No. 6) 2001, subsections 2(1) and (4A) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

               (4A)   Items 10 and 11 of Schedule 5 commence immediately after the commencement of item 9A of that Schedule.

(k)     Subsection 2(1) (item 57) of the Taxation Laws Amendment Act (No. 2) 2002, provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Provision(s)	Commencement	Date/Details
57.  Schedule 12, item 57	Immediately after the time specified in the Taxation Laws Amendment Act (No. 6) 2001 for the commencement of item 11 of Schedule 5 to that Act	1 October 2001

(l)      Subsection 2(1) (item 5) of the Customs Legislation Amendment Act (No. 1) 2002, provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Provision(s)	Commencement	Date/Details
5.  Schedule 3, item 8	The later of: (a)  immediately after the commencement of item 81 of Schedule 3 to the Customs Legislation Amendment and Repeal (International Trade Modernisation) Act 2001; and (b)  the day on which this Act receives the Royal Assent	19 July 2005 (paragraph (a) applies)

(m)    Subsection 2(1) (item 9) of the Taxation Laws Amendment Act (No. 3) 2003 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Provision(s)	Commencement	Date/Details
9.  Schedule 6, item 2	Immediately after the commencement of section 195‑1 of the A New Tax System (Goods and Services Tax) Act 1999	1 July 2000

(n)     Subsection 2(1) (item 4) of the Tax Laws Amendment (Small Business Measures) Act 2004 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)	Commencement	Date/Details
4.  Schedule 3, items 1 to 4	Immediately after the commencement of Schedule 1 to this Act.	13 December 2004

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Chapter 1
Part 1‑1
Division 1
S. 1‑2.................................	am. No. 154, 1999
S. 1‑4.................................	ad. No. 176, 1999
Part 1‑2
Division 2
Note to s. 2‑1.....................	am. No. 10, 2005
Heading to s. 2‑30.............	rs. No. 73, 2006
S. 2‑30...............................	am. No. 73, 2006
Division 3
S. 3‑5.................................	am. No. 176, 1999
Chapter 2
Part 2‑2
Division 9
Subdivision 9‑A
S. 9‑10...............................	am. No. 176, 1999; No. 92, 2000
S. 9‑15...............................	am. Nos. 176 and 177, 1999; No. 92, 2000
S. 9‑20...............................	am. Nos. 177 and 178, 1999; No. 92, 2000; Nos. 80 and 101 2006
S. 9‑25...............................	am. No. 176, 1999; No. 77, 2005
S. 9‑30...............................	am. No. 177, 1999; No. 92, 2000
S. 9‑39...............................	am. Nos. 176, 177 and 178, 1999; No. 92, 2000; No. 97, 2002; No. 67, 2003
Subdivision 9‑B
S. 9‑69...............................	am. No. 92, 2000
Subdivision 9‑C
S. 9‑75...............................	am. No. 176, 1999; No. 52, 2000
S. 9‑80...............................	am. No. 92, 2000
S. 9‑85...............................	ad. No. 176, 1999
S. 9‑90...............................	ad. No. 92, 2000
S. 9‑99...............................	am. No. 176, 1999; No. 92, 2000; No. 67, 2003
Division 11
S. 11‑10.............................	am. No. 176, 1999
S. 11‑15.............................	am. No. 176, 1999; Nos. 92 and 156, 2000
S. 11‑30.............................	am. Nos. 176 and 177, 1999
S. 11‑99.............................	am. No. 176, 1999; Nos. 92 and 156, 2000; No. 67, 2003; No. 134, 2004
Part 2‑3
Division 13
S. 13‑5...............................	am. No. 176, 1999
S. 13‑20.............................	am. No. 176, 1999; No. 156, 2000
S. 13‑99.............................	am. No. 176, 1999; No. 156, 2000
Division 15
S. 15‑10.............................	am. No. 176, 1999; Nos. 92 and 156, 2000
S. 15‑25.............................	am. Nos. 176 and 177, 1999
S. 15‑99.............................	am. No. 176, 1999; Nos. 92 and 156, 2000; No. 134, 2004
Part 2‑4
Division 17
S. 17‑15.............................	ad. No. 92, 2000
S. 17‑20 ............................	ad. No. 73, 2001
S. 17‑99.............................	am. Nos. 176 and 177, 1999; Nos. 92 and 156, 2000; No. 73, 2001; No. 67, 2003; No. 134, 2004; No. 78, 2005; No. 112, 2007
Division 19
Note to s. 19‑5...................	ad. No. 176, 1999
Subdivision 19‑A
S. 19‑10.............................	am. No. 176, 1999
Subdivision 19‑B
S. 19‑40.............................	am. No. 177, 1999
S. 19‑45.............................	am. No. 177, 1999
Subdivision 19‑C
S. 19‑70.............................	am. No. 177, 1999; No. 134, 2004
S. 19‑75.............................	am. Nos. 176 and 177, 1999; No. 134, 2004
S. 19‑99.............................	ad. No. 177, 1999
	am. Nos. 92 and 156, 2000; No. 67, 2003
Division 21
S. 21‑5...............................	am. No. 177, 1999
S. 21‑10.............................	am. No. 177, 1999
S. 21‑15.............................	am. No. 177, 1999
S. 21‑20.............................	am. No. 177, 1999
S. 21‑99.............................	am. No. 177, 1999; No. 156, 2000
Part 2‑5
Division 23
S. 23‑1...............................	am. No. 80, 2007
S. 23‑5...............................	am. No. 80, 2007
S. 23‑10.............................	am. No. 80, 2007
S. 23‑99.............................	am. No. 177, 1999
Division 25
Subdivision 25‑A
Note to s. 25‑5(1)..............	am. No. 73, 2006
Note to s. 25‑5(2)..............	am. No. 73, 2006
S. 25‑10.............................	am. No. 176, 1999
Note to s. 25‑10(1)............	am. No. 73, 2006
S. 25‑49.............................	am. No. 177, 1999; No. 92, 2000
Subdivision 25‑B
Note to s. 25‑55(1)............	am. No. 73, 2006
Note to s. 25‑55(2)............	am. No. 73, 2006
S. 25‑57.............................	ad. No. 156, 2000
Note to s. 25‑57(1)............	am. No. 73, 2006
S. 25‑60.............................	am. No. 176, 1999; No. 156, 2000
Note to s. 25‑60(1)............	am. No. 73, 2006
S. 25‑99.............................	am. No. 177, 1999
Part 2‑6
Division 27
Note to s. 27‑5...................	ad. No. 134, 2004
S. 27‑15.............................	am. No. 92, 2000; No. 73, 2001; No. 80, 2007
Note to s. 27‑15(1)............	am No. 73, 2006
Note to s. 27‑15(2)............	am. No. 73, 2006
S. 27‑20.............................	am. No. 80, 2007
S. 27‑22.............................	ad. No. 156, 2000
	am. No. 80, 2007
Note to s. 27‑22(1)............	am. No. 73, 2006
Note to s. 27‑22(3)............	am. No. 73, 2006
Note to s. 27‑25(1)............	am. No. 73, 2006
Note to s. 27‑25(2)............	am. No. 73, 2006
S. 27‑30.............................	am. No. 176, 1999
Note to s. 27‑30(1)............	am. No. 73, 2006
S. 27‑37.............................	am. No. 80, 2007
Note to s. 27‑37(1)............	am. No. 73, 2006
Note to s. 27‑38(1)............	am. No. 73, 2006
Note to s. 27‑38(2)............	am. No. 73, 2006
S. 27‑40.............................	am. No. 176, 1999
S. 27‑99.............................	am. No. 176, 1999; No. 73, 2001; No. 134, 2004
Division 29
Subdivision 29‑A
S. 29‑10.............................	am. No. 156, 2000
S. 29‑15.............................	am. No. 176, 1999; No. 41, 2005
S. 29‑25.............................	am. No. 32, 2006
S. 29‑39.............................	am. Nos. 176 and 177, 1999; Nos. 92 and 156, 2000
Subdivision 29‑B
S. 29‑40.............................	am. No. 176, 1999; No. 92, 2000; No. 95, 2004; No. 80, 2006; No. 80, 2007
S. 29‑45.............................	am. No. 176, 1999
Note to s. 29‑45(1)............	am. No. 73, 2006
Note to s. 29‑45(2)............	am. No. 73, 2006
S. 29‑50.............................	am. No. 95, 2004; No. 80, 2006; No. 80, 2007
Note to s. 29‑50(3)............	am. No. 73, 2006
Note to s. 29‑50(4)............	am. No. 73, 2006
S. 29‑69.............................	ad. No. 80, 2006
Subdivision 29‑C
S. 29‑70.............................	am. No. 176, 1999
S. 29‑75.............................	am. Nos. 176 and 177, 1999; No. 92, 2000
S. 29‑80.............................	am. No. 92, 2000
S. 29‑99.............................	am. No. 177, 1999; Nos. 92 and 156, 2000; No. 134, 2004
Part 2‑7
Division 31
S. 31‑8 ..............................	ad. No. 73, 2001
Heading to s. 31‑10 ..........	rs. No. 73, 2001
S. 31‑10.............................	am. No. 176, 1999; No. 73, 2001
S. 31‑15.............................	am. No. 92, 2000; No. 73, 2001
S. 31‑20.............................	am. No. 176, 1999; No. 73, 2001
S. 31‑25.............................	am. No. 176, 1999; No. 92, 2000; No. 80, 2007
Note to s. 31‑25(1)............	ad. No. 92, 2000
Note 1 to s. 31‑25(2).........	ad. No. 179, 1999
Note 2 to s. 31‑25(2).........	ad. No. 179, 1999
	am. No. 92, 2000
S. 31‑30.............................	rep. No. 92, 2000
S. 31‑99 ............................	am. No. 73, 2001; No. 134, 2004
Division 33
S. 33‑1...............................	am. No. 179, 1999
Notes to s. 33‑1.................	rep. No. 73, 2006
Notes 1-3 to s. 33‑1..........	ad. No. 73, 2006
S. 33‑3 ..............................	ad. No. 73, 2001
Heading to s. 33‑5 ............	rs. No. 73, 2001
S. 33‑5 ..............................	am. No. 73, 2001
S. 33‑10 ............................	am. No. 73, 2001; No. 80, 2007
Note to s. 33‑10(2)............	rep. No. 179, 1999
Note 1 to s. 33‑10(2).........	ad. No. 179, 1999
Note 2 to s. 33‑10(2).........	ad. No. 179, 1999
	am. No. 92, 2000
S. 33‑15.............................	am. No. 176, 1999
S. 33‑20.............................	rep. No. 179, 1999
S. 33‑25.............................	rep. No. 179, 1999
S. 33‑30.............................	rep. No. 179, 1999
S. 33‑99.............................	am. No. 176, 1999; No. 73, 2001; No. 134, 2004
Division 35
S. 35‑5...............................	rs. No. 179, 1999
Note 1 to s. 35‑5................	am. No. 73, 2006
S. 35‑10.............................	am. No. 176, 1999
	rep. No. 179, 1999
	ad. No. 92, 2000
	am. No. 73, 2001
Note to s. 35‑99.................	am. No. 179, 1999; No. 73, 2006
Part 2‑8
Division 37‑1
S. 37‑1...............................	am. Nos. 176, 177 and 178, 1999; Nos. 92 and 156, 2000; No. 73, 2001; No. 97, 2002; No. 67, 2003; No. 134, 2004; No. 80, 2006; No. 112, 2007
Chapter 3
Part 3‑1
Division 38
Subdivision 38‑A
S. 38‑4...............................	am. No. 176, 1999
Subdivision 38‑B
S. 38‑7...............................	am. No. 177, 1999
S. 38‑10.............................	am. No. 176, 1999
S. 38‑25.............................	am. No. 143, 2004
S. 38‑50.............................	am. No. 176, 1999; No. 110, 2006; No. 4, 2007
S. 38‑55.............................	am. No. 176, 1999
Subdivision 38‑C
S. 38‑90.............................	am. No. 143, 2007
S. 38‑97.............................	ad. No. 92, 2000
S. 38‑100...........................	am. No. 92, 2000
Subdivision 38‑D
S. 38‑140...........................	rs. No. 156, 2000
S. 38‑145...........................	rs. No. 156, 2000
Subdivision 38‑E
S. 38‑185...........................	am. No. 176, 1999
S. 38‑187...........................	ad. No. 176, 1999
S. 38‑188...........................	ad. No. 92, 2000
S. 38‑190...........................	am. No. 177, 1999; No. 92, 2000; No. 23, 2005
Subdivision 38‑G
Heading to Subdiv. 38‑G....	rs. No. 143, 2004
S. 38‑250...........................	am. Nos. 176 and 177, 1999; No. 92, 2000; No. 95, 2004; No. 80, 2006
S. 38‑255...........................	am. No. 92, 2000; No. 95, 2004; No. 80, 2006
S. 38‑260...........................	ad. No. 143, 2004
	am. No. 80, 2006
Heading to Subdiv. 38‑H....	rep. No. 143, 2004
S. 38‑270...........................	am. No. 92, 2000; No. 95, 2004; No. 80, 2006
Subdivision 38‑I
Heading to Subdiv. 38‑I .....	rs. No. 176, 1999
Heading to s. 38‑290 ........	rs. No. 92, 2000
S. 38‑290...........................	am. No. 92, 2000
S. 38‑300...........................	ad. No. 176, 1999
Subdivision 38‑K
S. 38‑355...........................	am. No. 176, 1999; No. 92, 2000
S. 38‑360...........................	ad. No. 156, 2000
Subdivision 38‑L
S. 38‑385...........................	rs. No. 177, 1999
Subdivision 38‑M
S. 38‑415...........................	rs. No. 92, 2000
Subdivision 38‑N
Heading to Subdiv. 38‑N....	rs. No. 156, 2000
S. 38‑445...........................	am. No. 156, 2000
S. 38‑450...........................	ad. No. 156, 2000
Subdivision 38‑O
S. 38‑475...........................	am. No. 177, 1999; No. 92, 2000
S. 38‑480...........................	rs. No. 177, 1999
	am. No. 92, 2000
Subdivision 38‑P
S. 38‑505 ..........................	am. No. 77, 2001; No. 110, 2006
S. 38‑510...........................	am. No. 176, 1999; No. 77, 2001
Subdivision 38‑Q
Subdiv. 38‑Q .....................	ad. No. 177, 1999
S. 38‑540...........................	ad. No. 177, 1999
Division 40
S. 40‑1...............................	am. No. 177, 1999
Subdivision 40‑A
S. 40‑5...............................	am. No. 177, 1999
Subdivision 40‑B
S. 40‑35.............................	am. No. 156, 2000; No. 80, 2006
Subdivision 40‑C
S. 40‑65.............................	am. No. 92, 2000; No. 80, 2006
S. 40‑70.............................	am. No. 92, 2000; No. 80, 2006
S. 40‑75.............................	ad. No. 156, 2000
	am. No. 78, 2005; No. 80, 2006
Subdivision 40‑E
S. 40‑130...........................	am. No. 92, 2000
Subdivision 40‑F
Subdiv. 40‑F......................	ad. No. 92, 2000
S. 40‑160...........................	ad. No. 92, 2000
	am. No. 95, 2004; No. 80, 2006
S. 40‑165...........................	ad. No. 92, 2000
Note to s. 40‑165(1)..........	am. No. 73, 2006
Part 3‑2
Division 42
S. 42‑5...............................	am. Nos. 176 and 177, 1999; No. 92, 2000
S. 42‑10.............................	rep. No. 176, 1999
	ad. No. 92, 2000
	am. No. 156, 2000
S. 42‑15.............................	rep. No. 177, 1999
Chapter 4
Part 4‑1
Division 48
S. 48‑1...............................	am. No. 176, 1999; No. 156, 2000
Note to s. 48‑1...................	ad. No. 176, 1999
Subdivision 48‑A
S. 48‑5...............................	am. No. 156, 2000
Note to s. 48‑5...................	am. No. 73, 2006
S. 48‑10.............................	am. No. 176, 1999; Nos. 92 and 156, 2000
Note to s. 48‑10(2)............	ad. No. 177, 1999
	rep. No. 92, 2000
Note 1 to s. 48‑10(2).........	ad. No. 92, 2000
Note 2 to s. 48‑10(2).........	ad. No. 92, 2000
S. 48‑15.............................	ad. No. 156, 2000
	am. No. 95, 2004
Subdivision 48‑B
S. 48‑40.............................	am. No. 176, 1999
Note to s. 48‑40(1)............	ad. No. 73, 2006
S. 48‑45.............................	am. No. 156, 2000
S. 48‑55.............................	am. No. 78, 2005
Subdivision 48‑C
S. 48‑70.............................	am. No. 156, 2000
Note to s. 48‑70(1)............	am. No. 73, 2006
Note to s. 48‑70(2)............	am. No. 73, 2006
Note to s. 48‑75(1)............	am. No. 73, 2006
Note to s. 48‑75(2)............	am. No. 73, 2006
S. 48‑85.............................	am. No. 134, 2004
Note to s. 48‑85.................	am. No. 73, 2006
Subdivision 48‑D
Subdiv. 48‑D .....................	ad. No. 177, 1999
S. 48‑110...........................	ad. No. 177, 1999
S. 48‑115...........................	ad. No. 177, 1999
	am. No. 78, 2005
Division 49
Division 49.........................	ad. No. 92, 2000
S. 49‑1...............................	ad. No. 92, 2000
Subdivision 49‑A
S. 49‑5 ..............................	ad. No. 92, 2000
Note to s. 49‑5...................	am. No. 73, 2006
S. 49‑10.............................	ad. No. 92, 2000
Subdivision 49‑B
S. 49‑30.............................	ad. No. 92, 2000
S. 49‑35.............................	ad. No. 92, 2000
S. 49‑40.............................	ad. No. 92, 2000
S. 49‑45.............................	ad. No. 92, 2000
S. 49‑50.............................	ad. No. 92, 2000
Subdivision 49‑C
S. 49‑70.............................	ad. No. 92, 2000
Note to s. 49‑70(1)............	am. No. 73, 2006
Note to s. 49‑70(2)............	am. No. 73, 2006
S. 49‑75.............................	ad. No. 92, 2000
Note to s. 49‑75(1)............	am. No. 73, 2006
Note to s. 49‑75(2)............	am. No. 73, 2006
S. 49‑80.............................	ad. No. 92, 2000
S. 49‑85.............................	ad. No. 92, 2000
Note to s. 49‑85.................	am. No. 73, 2006
S. 49‑90.............................	ad. No. 92, 2000
Division 50
Division 50 ........................	ad. No. 168, 2001
S. 50‑1 .............................	ad. No. 168, 2001
S. 50‑5 .............................	ad. No. 168, 2001
Division 51
S. 51‑1...............................	am. No. 177, 1999; No. 92, 2000
Note to s. 51‑1...................	ad. No. 176, 1999
Subdivision 51‑A
S. 51‑5...............................	am. No. 177, 1999; No. 92, 2000
Note to s. 51‑5...................	am. No. 73, 2006
S. 51‑10.............................	am. No. 176, 1999; No. 92, 2000
Subdivision 51‑B
S. 51‑30.............................	am. No. 177, 1999; No. 92, 2000
Note to s. 51‑30(1)............	ad. No. 73, 2006
S. 51‑35.............................	am. No. 177, 1999; No. 92, 2000
S. 51‑40.............................	am. No. 177, 1999; No. 92, 2000
S. 51‑45.............................	am. No. 177, 1999; No. 92, 2000
S. 51‑50.............................	am. No. 92, 2000; No. 73, 2001
S. 51‑52.............................	ad. No. 92, 2000
Note to s. 51‑52(5)............	am. No. 73, 2006
S. 51‑55.............................	am. No. 92, 2000; No. 73, 2001
S. 51‑60.............................	rs. No. 179, 1999
	am. No. 92, 2000
Note 1 to s. 51‑60..............	am. No. 73, 2006
Subdivision 51‑C
S. 51‑70............................. </