Tax Laws Amendment (Long-term Non-reviewable Contracts) Act 2005 (10 of 2005)

Schedule 1   Long term non reviewable contracts

A New Tax System (Goods and Services Tax Transition) Act 1999

15   After section 15I

Insert:

15IA Application of section 36 of the Taxation Administration Act 1953

Subsection 36(1) of the Taxation Administration Act 1953 does not apply to a refund under section 35-5 of the GST Act in respect of a tax period to the extent that the refund arises because:

(a) the GST on a taxable supply was attributable to that tax period and was payable by the supplier; and

(b) the recipient of the supply becomes liable for the GST on the supply because of section 15C of this Act.