A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.15 Consequences of choosing to apply this Division

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.15

  (1)   While the choice has effect, any branch of the entity is treated, for the purposes of the * GST law (other than sections   63 - 5 and 63 - 10 and this section), as an entity if that branch:

  (a)   maintains an independent system of accounting; and

  (b)   can be separately identified by reference to:

  (i)   the nature of the activities carried on through the branch; or

  (ii)   the location of the branch; and

  (c)   is referred to in the entity's records to the effect that it is to be treated as a separate entity for the purposes of the GST law.

  (2)   The branch's treatment as an entity ceases if:

  (a)   the choice ceases to have effect; or

  (b)   the branch ceases to meet the requirements of paragraphs   (1)(a), (b) and (c).

However, if the branch is * registered, its treatment as an entity continues until its registration is cancelled.

  (3)   At all times during its treatment as an entity, the branch is a non - profit sub - entity .