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

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2, but they may affect other Parts of Chapter 2 in minor ways.

Division 100 - Vouchers    View history reference

100-12  Consideration on redemption of vouchers  

 View history reference

(1)  

To avoid doubt, the consideration for a *taxable supply of a thing acquired by fully redeeming a *voucher is taken to be the sum of:


(a) the *stated monetary value of the voucher, reduced by any amount of that value refunded to the holder of the voucher in respect of the supply; and


(b) any additional consideration provided for the supply.

(2)  

To avoid doubt, the consideration for a *taxable supply of a thing acquired by partly redeeming a *voucher is taken to be the sum of:


(a) the amount of the *stated monetary value of the voucher that the redemption represents; and


(b) any additional consideration provided for the supply.

(3)  

Subsections (1) and (2) have effect despite section 9-15 (which is about consideration).


 



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