A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.10 Participation requirements of a GST joint venture

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.10

    An entity satisfies the participation requirements for a * GST joint venture, or a proposed GST joint venture, if the entity:

  (a)   participates in, or intends to participate in, the joint venture; and

  (b)   is a party to a joint venture agreement with all the other entities participating in, or intending to participate in, the joint venture; and

  (c)   is * registered; and

  (f)   accounts on the same basis as all those other participants.