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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 54 - GST branches  

Subdivision 54-B - Consequences of registration of GST branches  

54-60   Payments of GST relating to GST branches  

(1)    

View history reference

If an entity has a * GST branch and the * assessed net amount relating to the * GST branch for a tax period is greater than zero:

(a) the entity must pay that assessed net amount to the Commissioner; and

View history reference

(b) Division 33 applies to payment of that amount as if it were a payment the entity was obliged to make under section 33-3 or 33-5 (as the case requires).

View history reference

 View history note

 Hide history note

History

S 54-60(1) amended by No 39 of 2012, s 3 and Sch 1 items 74 and 75, by substituting " the *assessed net amount " for " the *net amount " and " assessed net amount " for " net amount " in para (a), applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012.

S 54-60(1) amended by No 73 of 2001, s 3 and Sch 1 item 15, by substituting " section 33-3 or 33-5 (as the case requires) " for " section 33-5 " , applicable in relation to GST returns, and net amounts, for tax periods ending on or after 22 February 2001.

(2)    
This section has effect despite Division 33 (which is about payments of GST).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.