A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
An * amalgamated company must pay the GST payable on a * taxable supply if:
(a) apart from the * amalgamation , the GST would have been payable by any of the * amalgamating companies ; and
(b) the GST was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.
(2)
This section has effect despite section 9-40 (which is about liability for GST).
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 90 - Company amalgamations 90-20 Liability after amalgamation for GST on amalgamating company's supplies (1)An * amalgamated company must pay the GST payable on a * taxable supply if:
(a) apart from the * amalgamation , the GST would have been payable by any of the * amalgamating companies ; and
(b) the GST was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.
(2)
This section has effect despite section 9-40 (which is about liability for GST).
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