Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999 - SECT 6

             (1)  This section sets out how to determine when a supply or acquisition is made for the purposes of this Act.

Note:          Many of the rules in this Act rely on this concept.

             (2)  A supply or acquisition of goods is made:

                     (a)  when the goods are removed; or

                     (b)  if the goods are not to be removed--when the goods are made available to the recipient; or

                     (c)  if the goods are removed before it is certain that a supply will be made (for example, if the goods are given or taken on approval, sale or return, or similar terms)--when it becomes certain that a supply has been made.

Note:          Subsection 20(8) provides a rule stating when motor vehicles and other goods covered by subsection 20(1) are taken to be removed.

             (3)  A supply or acquisition of real property is made when the property is made available to the recipient.

             (4)  A supply or acquisition of services is made when the services are performed.

Note:          However, section 12 provides a different rule for progressive and periodic contracts.

             (5)  A supply or acquisition of any other thing is made when the thing is performed or done.

Note:          However, section 12 provides a different rule for progressive and periodic contracts.