Tax Laws Amendment (2010 GST Administration Measures No. 2) Act 2010 (74 of 2010)

Schedule 1   GST groups and GST joint ventures

Part 1   Forming, changing and dissolving GST groups and GST joint ventures

Taxation Administration Act 1953

44   Transitional provisions for GST joint ventures

GST joint ventures in existence before commencement

(1) Subject to subitems (5) to (8), on the commencement of this item:

(a) a GST joint venture that existed immediately before that commencement is taken to continue in existence as if:

(i) it had been formed, and its formation had been notified to the Commissioner, in accordance with section 51-5 of the A New Tax System (Goods and Services Tax) Act 1999 as amended by this Act; and

(ii) its formation took effect immediately after that commencement; and

(b) the entities that were participants in the joint venture immediately before that commencement are taken, immediately after that commencement, to continue to be the participants in the joint venture; and

(c) the entity that was the joint venture operator of the joint venture immediately before that commencement is taken, immediately after that commencement, to continue to be the joint venture operator of the joint venture.

GST joint ventures approved, but not in existence, before commencement

(2) If, before the commencement of this item, the Commissioner approved 2 or more entities as a GST joint venture but the approval did not take effect before that commencement, then, on the date of effect decided by the Commissioner under section 51-85 of the A New Tax System (Goods and Services Tax) Act 1999:

(a) the joint venture is taken to have been formed, and its formation is taken to have been notified to the Commissioner, in accordance with section 51-5 of that Act as amended by this Act; and

(b) the entities that jointly applied for that approval are taken to be the participants in the joint venture; and

(c) the entity that was nominated in the application to be the joint venture operator of the joint venture is taken to be the joint venture operator of the joint venture.

GST joint ventures applied for, but not approved, before commencement

(3) If:

(a) before the commencement of this item, 2 or more entities applied, in accordance with section 51-5 of the A New Tax System (Goods and Services Tax) Act 1999, for approval of a GST joint venture; and

(b) the application did not contain a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of approval of the joint venture, a date occurring before the date of that commencement; and

(c) the Commissioner did not approve the joint venture as a GST joint venture, and did not refuse the application, before that commencement;

then, on the date of effect specified in the application:

(d) the joint venture is taken to be formed, and its formation is taken to have been notified to the Commissioner, in accordance with section 51-5 of that Act as amended by this Act; and

(e) the entities that jointly applied for that approval are taken to be the participants in the joint venture; and

(f) the entity that was nominated in the application to be the joint venture operator of the joint venture is taken to be the joint venture operator of the joint venture.

(4) If:

(a) before the commencement of this item, 2 or more entities applied, in accordance with section 51-5 of the A New Tax System (Goods and Services Tax) Act 1999, for approval of a GST joint venture; and

(b) the application contained a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of approval of the joint venture, a date occurring before the date of that commencement; and

(c) the Commissioner did not approve the joint venture as a GST joint venture, and did not refuse the application, before that commencement;

then:

(d) an application is taken to have been made to the Commissioner, under section 51-75 of that Act as amended by this Act, for the Commissioner to approve that date of effect as the day on which the formation of the GST joint venture took effect; and

(e) if the Commissioner decides, under that section as so amended, to approve that day or another day - then, on that day or on that other day:

(i) the joint venture is taken to have been formed, and its formation is taken to have been notified to the Commissioner, in accordance with section 51-5 of that Act as so amended; and

(ii) the entities that jointly applied for approval of the joint venture are taken to be the participants in the joint venture; and

(iii) the entity that was nominated, in the application for approval of the joint venture, to be the joint venture operator of the joint venture is taken to be the joint venture operator of the joint venture.

Changes to participation etc. in GST joint ventures applied for, but not approved, before commencement

(5) If:

(a) before the commencement of this item, the joint venture operator of a GST joint venture applied, in accordance with section 51-70 of the A New Tax System (Goods and Services Tax) Act 1999, for the Commissioner to:

(i) approve another entity as an additional participant in the joint venture; or

(ii) revoke the approval of one of the participants in the joint venture as a participant in the joint venture; or

(iii) approve another entity that satisfies the requirements of paragraphs 51-10(c) and (f) of that Act as the joint venture operator of the joint venture; and

(b) the application did not contain a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of the approval or revocation, a date occurring before the date of that commencement; and

(c) the Commissioner:

(i) did not give the approval, or revoke the approval, as requested in the application; and

(ii) did not refuse the application;

before that commencement;

then, on and after that commencement, the joint venture is taken to continue in existence as if:

(d) the Commissioner has been notified, in accordance with section 51-70 of that Act as amended by this Act, that the corresponding action referred to in paragraph 51-70(1)(a), (b) or (c) of that Act as so amended has been taken; and

(e) the action took effect on the date of effect specified in the application.

(6) If:

(a) before the commencement of this item, the joint venture operator of a GST joint venture applied, in accordance with section 51-70 of the A New Tax System (Goods and Services Tax) Act 1999, for the Commissioner to:

(i) approve another entity as an additional participant in the joint venture; or

(ii) revoke the approval of one of the participants in the joint venture as a participant in the joint venture; or

(iii) approve another entity that satisfies the requirements of paragraphs 51-10(c) and (f) of that Act as the joint venture operator of the joint venture; and

(b) the application contained a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of the approval or revocation, a date occurring before the date of that commencement; and

(c) the Commissioner:

(i) did not give the approval, or revoke the approval, as requested in the application; and

(ii) did not refuse the application;

before that commencement;

then:

(d) an application is taken to have been made to the Commissioner, under section 51-75 of that Act as amended by this Act, for the Commissioner to approve that date of effect as the day on which the approval or revocation took effect; and

(e) if the Commissioner decides, under that section as so amended, to approve that day or another day - then, on that day or on that other day, the joint venture is taken to continue in existence as if:

(i) the Commissioner has been notified, in accordance with section 51-70 of that Act as so amended, that the corresponding action referred to in paragraph 51-70(1)(a), (b) or (c) of that Act as so amended has been taken; and

(ii) the action took effect on that day.

Revocation of approval of GST joint ventures applied for, but revocation not approved, before commencement

(7) If:

(a) before the commencement of this item, the joint venture operator of a GST joint venture applied, in accordance with section 51-75 of the A New Tax System (Goods and Services Tax) Act 1999, for the Commissioner to revoke the approval of the joint venture as a GST joint venture; and

(b) the application did not contain a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of the revocation, a date occurring before the date of that commencement; and

(c) the Commissioner did not revoke the approval as requested in the application, and did not refuse the application, before that commencement;

then, on the date of effect specified in the application, the GST joint venture is taken to be dissolved as if the Commissioner has been notified, in accordance with section 51-70 of that Act as amended by this Act, that the action referred to in paragraph 51-70(1)(d) of that Act as so amended has been taken.

(8) If:

(a) before the commencement of this item, the joint venture operator of a GST joint venture applied, in accordance with section 51-75 of the A New Tax System (Goods and Services Tax) Act 1999, for the Commissioner to revoke the approval of the joint venture as a GST joint venture; and

(b) the application contained a request (however described) for the Commissioner to decide under section 51-85 of that Act, as a date of effect of the revocation, a date occurring before the date of that commencement; and

(c) the Commissioner did not revoke the approval as requested in the application, and did not refuse the application, before that commencement;

then:

(d) an application is taken to have been made to the Commissioner, under section 51-75 of that Act as amended by this Act, for the Commissioner to approve that date of effect as the day on which the revocation took effect; and

(e) if the Commissioner decides, under that section as so amended, to approve that day or another day - then, on that day or on that other day, the joint venture is taken to be dissolved as if:

(i) the Commissioner has been notified, in accordance with section 51-70 of that Act as amended by this Act, that the action referred to in paragraph 51-70(1)(d) of that Act as so amended has been taken; and

(ii) the action took effect on that day.