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

Div 188 (heading) substituted by No 80 of 2007, s 3 and Sch 2 item 35, applicable to net amount for tax periods starting on or after 1 July 2007. The heading formerly read:

Division 188 - Meaning of annual turnover

S 188-22 amended by No 118 of 2017, s 3 and Sch 1 item 25, by inserting " or *digital currency " in para (a), effective 1 July 2017. For application provision, see note under the definition of " digital currency " in s 195-1 .

S 188-22 amended by No 80 of 2007, s 3 and Sch 2 item 47, by substituting " GST turnover " for " annual turnover " (wherever occurring), applicable in relation to net amounts for tax periods starting on or after 1 July 2007.

S 188-22 amended by No 67 of 2003, s 3 and Sch 11 item 19, by inserting para (aa), applicable in relation to net amounts for tax periods starting on or after 1 July 2000.

S 188-22 amended by No 169 of 2001, s 3 and Sch 5 item 11 (as amended by No 57 of 2002, s 3 and Sch 12 item 57), by substituting the words after " *consideration " for " for the supply is a payment of *money, or a supply, by an insurer in settlement of a claim under an *insurance policy. " applicable:

(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.

S 188-22 inserted by No 176 of 1999, s 3 and Sch 1 item 130, effective 1 July 2000.