Commonwealth Consolidated Acts

TRADE PRACTICES ACT 1974 - SECT 75AT

                   In this Part, unless the contrary intention appears:

"GST" has the same meaning as in the GST Act.

"GST Act" means the A New Tax System (Goods and Services Tax) Act 1999 .

Note:          The operation of the GST Act is affected by the GST Transition Act.

"GST implementation date" means the day on which the GST Act commences.

"GST Transition Act" means the A New Tax System (Goods and Services Tax Transition) Act 1999 .

"New Tax System changes" means the following:

                     (a)  the amendment of the former Sales Tax (Exemptions and Classifications) Act 1992 made by the GST Transition Act;

                     (b)  the ending of sales tax, as provided for in the former A New Tax System (End of Sales Tax) Act 1999 ;

                     (c)  the imposition of GST;

                     (d)  any other changes (including changes to Commonwealth, State or Territory laws) prescribed by the regulations for the purposes of this definition.

"New Tax System transition period" means the period:

                     (a)  starting on the later of 1 July 1999 and the commencement of the A New Tax System (Trade Practices Amendment) Act 1999 ; and

                     (b)  ending on the day that is 2 years after the GST implementation date.

"price" , in relation to a supply, includes:

                     (a)  a charge of any description for the supply; and

                     (b)  any pecuniary or other benefit, whether direct or indirect, received or to be received by a person for or in connection with the supply.

"regulated supply" means:

                     (a)  a supply that:

                              (i)  occurs during the New Tax System transition period and before the GST implementation date; and

                             (ii)  is by a person who would be required to be registered under the GST Act had the supply occurred on or after 1 July 2000; and

                            (iii)  had the supply occurred on or after 1 July 2000, it would have been a taxable supply for the purposes of the GST Act or would have been a taxable supply had it not been GST‑free or input taxed for the purposes of that Act; or

                     (b)  a supply that:

                              (i)  occurs during the New Tax System transition period and on or after the GST implementation date; and

                             (ii)  is by a person who is registered or required to be registered under the GST Act; and

                            (iii)  is a taxable supply for the purposes of the GST Act, or would have been a taxable supply for the purposes of the GST Act had it not been GST‑free or input taxed for the purposes of that Act.

"supply" means:

                     (a)  a supply of goods, including by way of sale, exchange, lease, hire or hire‑purchase; or

                     (b)  any other transaction or dealing that is a supply for the purposes of the GST Act.