A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 105.1 What this Division is about

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 105.1

This Division makes a creditor liable for GST on supplies of a debtor's property where the supply is in satisfaction of a debt owed to the creditor.

Note:   This Division overrides Division   58 to the extent that the creditor is a representative of the debtor and the debtor is an incapacitated entity (see section   58 - 95).