A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.15 Consideration
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.15
Consideration(1) Consideration includes:
(a) any payment, or any act or forbearance, in connection with a supply of anything; and
(b) any payment, or any act or forbearance, in response to or for the inducement of a supply of anything.
(2) It does not matter whether the payment, act or forbearance was voluntary, or whether it was by the * recipient of the supply.
(a) whether the payment, act or forbearance was in compliance with an order of a court, or of a tribunal or other body that has the power to make orders; or
(b) whether the payment, act or forbearance was in compliance with a settlement relating to proceedings before a court, or before a tribunal or other body that has the power to make orders.
(2B) For the avoidance of doubt, the fact that the supplier is
an entity of which the * recipient of the supply is a member, or that the
supplier is an entity that only makes supplies to its members, does not
prevent the payment, act or forbearance from being consideration.