A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.80 Payments of excess under compulsory third party schemes are not consideration for supplies
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.80
Payments of excess under compulsory third party schemes are not consideration for supplies(1) The making of any payment by an entity is not treated as * consideration for a supply, to the entity or any other entity, to the extent that the payment is the payment of an excess to an * operator of a * compulsory third party scheme.
(2) This section has effect despite section 9 - 15 (which
is about consideration).