A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.15 Progressive or periodic supplies partly connected with the indirect tax zone
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.15
Progressive or periodic supplies partly connected with the indirect tax zone(a) a * taxable supply is made for a period or on a progressive basis; and
(b) the supply is made for * consideration that is to be provided on a progressive or periodic basis; and
(c) the whole of a progressive or periodic component of the supply would not be * connected with the indirect tax zone if it were a separate supply;
that component is treated as if it were a separate supply that is not connected with the indirect tax zone.
(2) This section has effect despite section 9 - 25 (which
is about when supplies are connected with the indirect tax zone) and Division
96.