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 75 - Sale of freehold interests etc.  

75-35   Approved valuations  

(1)    
The Commissioner may, by legislative instrument, determine in writing requirements for making valuations for the purposes of this Division.

(2)    
A valuation made in accordance with those requirements is an approved valuation .