A New Tax System (Goods and Services Tax Transition) Act 1999
This section sets out how to determine when a supply or acquisition is made for the purposes of this Act.
Note:
Many of the rules in this Act rely on this concept.
(2)
A supply or acquisition of goods is made:
(a) when the goods are removed; or
(b) if the goods are not to be removed - when the goods are made available to the recipient; or
(c) if the goods are removed before it is certain that a supply will be made (for example, if the goods are given or taken on approval, sale or return, or similar terms) - when it becomes certain that a supply has been made.
Note:
Subsection 20(8) provides a rule stating when motor vehicles and other goods covered by subsection 20(1) are taken to be removed.
View history note
Hide history note(3)
A supply or acquisition of real property is made when the property is made available to the recipient.
(4)
A supply or acquisition of services is made when the services are performed.
Note:
However, section 12 provides a different rule for progressive and periodic contracts.
(5)
A supply or acquisition of any other thing is made when the thing is performed or done.
Note:
However, section 12 provides a different rule for progressive and periodic contracts.
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.
