Tax Laws Amendment (2005 Measures No. 2) Act 2005 (78 of 2005)

Schedule 6   Goods and services tax and real property

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

27   Section 195-1 (definition of margin )

Omit "subsection 75-10(2)", substitute "sections 75-10 and 75-11".

27A Section 195-1 (definition of margin scheme)

Omit "you choose, under section 75-5, to use the margin scheme in working out the amount of GST on the supply", substitute "subsection 75-5(1) applies".

Taxation Administration Act 1953