Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 72.20

  (1)   If, apart from a lack of * consideration:

  (a)   a supply to your * associate from you; or

  (b)   a supply to you from your associate;

would be a sale or some other kind of supply, the supply is taken for the purposes of the * GST law to be a supply of that kind.

  (2)   If, apart from a lack of * consideration:

  (a)   an acquisition by your * associate from you; or

  (b)   an acquisition by you from your associate;

would be by sale or some other means, the acquisition is taken for the purposes of the * GST law to be an acquisition by that means.