A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.95 Subdivision 80 - B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.95
Subdivision 80 - B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement(a) an entity that is a * contributing operator of the * hybrid settlement sharing arrangement is a party to that arrangement because it is also the * managing operator of a * nominal defendant settlement sharing arrangement; and
(b) the entity makes a payment that, as a result of section 80 - 85, is a * contributing operator's payment under the hybrid settlement sharing arrangement;
(c) Subdivision 80 - A does not have any other effect in relation to the payment or supply in accordance with section 80 - 85; but
(d) Subdivision 80 - B (other than section 80 -
45) applies in relation to the payment as if it were a *
managing operator's payment or supply under the
nominal defendant settlement sharing arrangement and the entity were not party
to the hybrid settlement sharing arrangement.