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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 82.10 Supplies by Australian government agencies of rights to develop land are not for consideration

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 82.10

Supplies by Australian government agencies of rights to develop land are not for consideration

  (1)   The supply, by an * Australian government agency, of a right to develop land is treated as a supply that is not made for * consideration to the extent that it is made in return for another supply that complies with requirements imposed by or under an * Australian law.

  (2)   It does not matter whether the other supply is made to the * Australian government agency.

  (3)   If the other supply constitutes the payment of:

  (a)   an * Australian tax prescribed by regulations made for the purposes of subsection   81 - 5(2); or

  (b)   an * Australian fee or charge prescribed by regulations made for the purposes of subsection   81 - 10(2);

this section overrides those regulations in relation to the payment.

  (4)   This section has effect despite section   9 - 15 (which is about consideration).

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