A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999 (177 of 1999)

Schedule 1   Indirect Tax Acts

Part 1   Amendment of the A New Tax System (Goods and Services Tax) Act 1999

116   After section 177-10

Insert:

177-12 GST implications of references to price, value etc. in other Acts

(1) In any Act, unless the contrary intention appears, a reference to a *price relating to a supply, or proposed supply, is taken to include the *net GST (if any) that is, or would be, payable by an entity making the supply.

(2) Subsection (1) applies in relation to:

(a) any fee or charge made, or required to be made; or

(b) any *consideration provided, or required to be provided;

for or in connection with the supply in the same way that it applies to a *price relating to a supply.

(3) In any Act, unless the contrary intention appears, a reference to the value relating to a thing is taken not to include the GST (if any) that would be payable if an entity were to make a supply of the thing.

(4) This section does not apply to:

(a) this Act; or

(b) the Income Tax Assessment Act 1997; or

(c) the A New Tax System (Wine Equalisation Tax) Act 1999; or

(d) the A New Tax System (Luxury Car Tax) Act 1999; or

(e) Schedule 1 to the Taxation Administration Act 1953; or

(f) the Income Tax Assessment Act 1936; or

(g) the Fringe Benefits Tax Assessment Act 1986; or

(h) the Petroleum Resource Rent Tax Assessment Act 1987.