Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 87.5

  (1)   The value of a * taxable supply of * commercial accommodation that:

  (a)   is provided in * commercial residential premises that are * predominantly for long - term accommodation; and

  (b)   is provided to an individual as * long - term accommodation;

is 50%, or such other percentage as is specified in the regulations, of what would be the * price of the supply if this Division did not apply.

  (2)   This section has effect despite section   9 - 75 (which is about the value of taxable supplies).