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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 82 - Supplies in return for rights to develop land    View history reference

82-10  Supplies by Australian government agencies of rights to develop land are not for consideration  

 View history reference

(1)  

The supply, by an *Australian government agency, of a right to develop land is treated as a supply that is not made for *consideration to the extent that it is made in return for another supply that complies with requirements imposed by or under an *Australian law.

(2)  

It does not matter whether the other supply is made to the *Australian government agency.

(3)  

 View history reference
If the other supply constitutes the payment of:


(a) an *Australian tax prescribed by regulations made for the purposes of subsection 81-5(2); or


(b) an *Australian fee or charge prescribed by regulations made for the purposes of subsection 81-10(2);

this section overrides those regulations in relation to the payment.

(4)  

This section has effect despite section 9-15 (which is about consideration).


 



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