A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 80 - Settlement sharing arrangements  

Subdivision 80-C - Hybrid settlement sharing arrangements  

80-90   Subdivision 80-B to apply to payments or supplies by managing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement  

If:

(a) the entity that is the * managing operator of the * hybrid settlement sharing arrangement is a party to that arrangement because it is also the managing operator of a * nominal defendant settlement sharing arrangement ; and

(b) the entity makes a payment or supply that, as a result of section 80-85 , is a * managing operator ' s payment or supply under the hybrid settlement sharing arrangement;

then:

(c) Subdivision 80-A does not have any other effect in relation to the payment or supply in accordance with section 80-85 ; but

(d) Subdivision 80-B (other than section 80-45 ) applies in relation to the payment or supply as if it were a managing operator ' s payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.