A New Tax System (Goods and Services Tax Transition) Act 1999
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View history noteDiv 1 inserted by No 10 of 2005, s 3 and Sch 1 item 12, effective 22 February 2005.
This section applies if:
(a) you make a supply under an agreement, or an enactment, that provides (expressly or impliedly) that the thing supplied is to be supplied:
(i) for a period; or
whether or not at regular intervals; and
(ii) progressively over a period;
(b) that period begins before 1 July 2000 and ends on or after 1 July 2000.
Note:
Section 11 does not apply to supplies covered by this section: see paragraph 11(1A)(a) .
S 12(1) amended by No 92 of 2000, s 3 and Sch 11 item 15, by inserting the Note at the end, effective 9 July 1999.
(1A)
However, this section does not apply to a supply of a warranty (whether express, implied or required by law) that relates to goods or a service, if the value of the warranty was included in the price of the goods or service.
S 12(1A) inserted by No 177 of 1999, s 3 and Sch 2 item 4, effective 9 July 1999.
(2)
For the purposes of this Act, the supply is taken to be made continuously and uniformly throughout that period.
(3)
For the purposes of this section, a supply by way of lease, hire or similar arrangement is taken to be a supply for the period of the lease, hire or arrangement.
(4)
This section does not apply to a supply of a long-term lease made before 1 July 2000.
S 12(4) inserted by No 177 of 1999, s 3 and Sch 2 item 5, effective 9 July 1999.
(5)
In this section:
warranty , in relation to goods or a service, means an undertaking or obligation in relation to:
(a) the quality, performance or characteristics of the goods or service; or
(b) the provision of services that are or may at any time be required in respect of the goods or service; or
(c) the supply of parts that are or may at any time be required for the goods;
given or made in connection with the supply of the goods or service.
S 12(5) inserted by No 177 of 1999, s 3 and Sch 2 item 5, effective 9 July 1999.
(6)
If this section has an effect in relation to a supply, it has a corresponding effect in relation to the acquisition to which the supply relates.
S 12(6) inserted by No 177 of 1999, s 3 and Sch 2 item 5, effective 9 July 1999.
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