Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 82.10

             (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)  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).