Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.10

             (1)  If:

                     (a)  an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation; and

                     (b)  immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered;

the value of the taxable supply is the * GST exclusive market value of the supply.

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