A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 63 - Non-profit sub-entities  

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History

Div 63 inserted by No 177 of 1999, s 3 and Sch 1 item 74, effective 1 July 2000.

63-25   Registration turnover threshold for non-profit sub-entities  

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(1)    
Subsection 23-15(2) applies in relation to a * non-profit sub-entity of an entity (the parent entity ) whether or not the parent entity is a non-profit body.

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S 63-25(1) inserted by No 61 of 2011, s 3 and Sch 5 item 1, applicable to tax periods commencing on or after 30 June 2011.

(2)    
Regulations made for the purposes of paragraph 23-15(2)(b) may:

(a) provide that they apply only to * non-profit sub-entities , or only to other non-profit entities; or

(b) specify one amount for * non-profit sub-entities and a different amount for other non-profit entities.

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History

S 63-25 amended by No 61 of 2011, s 3 and Sch 5 item 2, by inserting " (2) " before " Regulations " , applicable to tax periods commencing on or after 30 June 2011.

S 63-25 inserted by No 177 of 1999, s 3 and Sch 1 item 74, effective 1 July 2000.

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