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

Schedule 8  

Income Tax Assessment Act 1936

23   Section 39

Omit all the words from and including "sale price of the goods", substitute:

sale price of the goods:

(a) their purchase price; and

(b) the expenses incurred in transporting them to and selling them in Australia; and

(c) if the sale is a taxable supply - an amount equal to the net GST payable on the supply.