Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)
Schedule 3 GST financial supply provisions
Part 3 Hire purchase agreements
A New Tax System (Goods and Services Tax) Act 1999
9 After section 156-22
Insert:
156-23 Certain supplies or acquisitions under hire purchase agreements treated as not on progressive or periodic basis
For the purposes of this Division, a supply or acquisition of goods or credit under a *hire purchase agreement is treated as not being a supply or acquisition made on a progressive or periodic basis.