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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    View history reference

63-15  Consequences of choosing to apply this Division  

 View history reference

(1)  

While the choice has effect, any branch of the entity is treated, for the purposes of the *GST law (other than sections 63-5 and 63-10 and this section), as an entity if that branch:


(a) maintains an independent system of accounting; and


(b) can be separately identified by reference to:


(i) the nature of the activities carried on through the branch; or

(ii) the location of the branch; and


(c) is referred to in the entity's records to the effect that it is to be treated as a separate entity for the purposes of the GST law.

(2)  

The branch's treatment as an entity ceases if:


(a) the choice ceases to have effect; or


(b) the branch ceases to meet the requirements of paragraphs (1)(a), (b) and (c).

However, if the branch is *registered, its treatment as an entity continues until its registration is cancelled.

(3)  

At all times during its treatment as an entity, the branch is a non-profit sub-entity.


 



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