Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016 (52 of 2016)
Schedule 2 GST treatment of cross-border transactions between businesses
Part 5 Application and saving provisions
27 Existing agreements: no opportunity to review
(1) The amendments made by this Schedule do not apply in relation to a supply if:
(a) a written agreement specifically identifies the supply and identifies the consideration in money, or a way of working out the consideration in money, for the supply; and
(b) the agreement was made before the commencement of this Schedule; and
(c) the supplier is registered or required to be registered.
(2) Subitem (1) does not apply to a supply to the extent (if any) that it is made on or after the earlier of the following:
(a) if a review opportunity (within the meaning of section 13 of the A New Tax System (Goods and Services Tax Transition) Act 1999) arises on or after the commencement of this Schedule - when that opportunity arises;
(b) if the supplier and the recipient of the supply agree in writing that the amendments made by this Schedule should apply from a time - that time.