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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  

Note:

The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.

Division 156 - Supplies and acquisitions made on a progressive or periodic basis  

156-23   Certain supplies or acquisitions under hire purchase agreements treated as not on progressive or periodic basis  

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For the purposes of this Division, a supply or acquisition of goods or credit under a * hire purchase agreement is treated as not being a supply or acquisition made on a progressive or periodic basis.

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History

S 156-23 inserted by No 12 of 2012, s 3 and Sch 3 item 9, applicable in relation to hire purchase agreements entered into on or after 1 July 2012.

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