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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 177.12 GST implications of references to price, value etc. in other Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 177.12

GST implications of references to price, value etc. in other Acts

  (1)   In any Act, unless the contrary intention appears, a reference to a * price relating to a supply, or proposed supply, is taken to include the * net GST (if any) that is, or would be, payable by an entity making the supply.

  (2)   Subsection   (1) applies in relation to:

  (a)   any fee or charge made, or required to be made; or

  (b)   any * consideration provided, or required to be provided;

for or in connection with the supply in the same way that it applies to a * price relating to a supply.

  (3)   In any Act, unless the contrary intention appears, a reference to the value relating to a thing is taken not to include the GST (if any) that would be payable if an entity were to make a supply of the thing.

  (4)   This section does not apply to:

  (a)   this Act; or

  (b)   the * ITAA 1997; or

  (c)   the * Wine Tax Act; or

  (d)   the A New Tax System (Luxury Car Tax) Act 1999 ; or

  (e)   Schedule   1 to the Taxation Administration Act 1953 ; or

  (f)   the Income Tax Assessment Act 1936 ; or

  (g)   the Fringe Benefits Tax Assessment Act 1986 ; or

  (h)   the Petroleum Resource Rent Tax Assessment Act 1987 .

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