A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 3   Income Tax Assessment Act 1997

Part 1   General

33   At the end of section 42-205

Add:

(3) If the *balancing adjustment event relating to the *plant is a *taxable supply, the termination value of the plant does not include an amount equal to the *GST payable on the supply.