Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 100.10

             (1)  The act of redeeming a * voucher is not a supply.

Note:          A supply for which the voucher is redeemed is still a supply.

             (2)  Subsection (1) has effect despite section 9-10 (which is about what is a supply).

             (3)  Subsection 9-17(1) (which is about the consideration for exercising rights or options) does not apply to a right or option that is granted by way of a * voucher if, on redemption of the voucher, the holder of the voucher is entitled to supplies up to the * stated monetary value of the voucher.