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
A supply made by an * amalgamating company to an * amalgamated company in the course of * amalgamation is not a * taxable supply if, immediately after the amalgamation, the amalgamated company is * registered or * required to be registered .
(2)
This section has effect despite section 9-5 (which is about what is a taxable supply).
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 90-5 Supplies not taxable - amalgamated company registered or required to be registered (1)A supply made by an * amalgamating company to an * amalgamated company in the course of * amalgamation is not a * taxable supply if, immediately after the amalgamation, the amalgamated company is * registered or * required to be registered .
(2)
This section has effect despite section 9-5 (which is about what is a taxable supply).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.