Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.50

             (1)  A * taxable supply is taxable at less than 1 / 11 of the price if the amount of GST payable on the supply is an amount that is less than 1 / 11 of the * price of the supply.

             (2)  A * creditable acquisition is creditable at less than 1 / 11 of the consideration if the * taxable supply to which it relates is * taxable at less than 1 / 11 of the price.