A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 82.5 Supplies of rights to develop land do not constitute consideration in certain cases
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 82.5
Supplies of rights to develop land do not constitute consideration in certain cases(1) The supply, by an * Australian government agency, of a right to develop land is not treated as * consideration for another supply if the other supply 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) This section has effect despite section 9 - 15 (which
is about consideration).