(1) The Commonwealth and * untaxable Commonwealth entities are not liable to pay GST payable under this Act. However, it is the Parliament's intention that the Commonwealth and untaxable Commonwealth entities should:
(a) be notionally liable to pay GST payable under this Act; and
(b) be notionally entitled to input tax credits arising under this Act; and
(c) notionally have * adjustments arising under this Act.
(2) The * Finance Minister may give such written directions as are necessary or convenient for carrying out or giving effect to subsection (1) and, in particular, may give directions in relation to the transfer of money within an account, or between accounts, operated by the Commonwealth or an * untaxable Commonwealth entity.
(2A) The directions given under subsection (2) may also take account of the provisions of the A New Tax System (Goods and Services Tax Transition) Act 1999 .
(3) Directions under subsection (2) have effect, and must be complied with, despite any other Commonwealth law.
(4) If the Commonwealth or an * untaxable Commonwealth entity is notionally liable to pay GST for a supply made to another entity (other than the Commonwealth or an untaxable Commonwealth entity), the * GST law applies in relation to the other entity as if:
(a) the supply were a * taxable supply to that entity; and
(b) the amount of GST for which the Commonwealth or an untaxable Commonwealth entity is notionally liable for the supply is treated as the amount of GST payable for the supply.
(5) Untaxable Commonwealth entity means a Commonwealth entity (within the meaning of the Public Governance, Performance and Accountability Act 2013 ) that cannot be made liable to taxation by a law of the Commonwealth.