Taxation Laws Amendment Act (No. 6) 2001 (169 of 2001)

Schedule 5   HIH rescue package

Part 2   Goods and services tax consequences

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

14   Application

 

(1) The amendments made by this Part apply, and are taken to have applied:

(a) in relation to net amounts for tax periods starting, or that started, on or after 15 March 2001; and

(b) in relation to payments and supplies, of a kind referred to in section 78-120 of the A New Tax System (Goods and Services Tax) Act 1999, that are, or have been, made on or after 15 March 2001 to an entity that is neither registered nor required to be registered.

      

(2) However, the amendment made by item 9A applies, and is taken to have applied in relation to net amounts for tax periods starting, or that started, on or after 1 January 2001.