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

Schedule 4   ABNs

A New Tax System (Australian Business Number) Act 1999

8   Section 41

Insert:

Non-profit sub-entity : a branch of an entity is a non-profit sub-entity if:

(a) the entity has chosen to apply Division 63 of the A New Tax System (Goods and Services Tax) Act 1999, and that choice still has effect; and

(b) the branch maintains an independent system of accounting; and

(c) the branch can be separately identified by reference to:

(i) the nature of the activities carried on through the branch; or

(ii) the location of the branch; and

(d) the branch is referred to in the entity's records to the effect that it is to be treated as a separate entity for the purposes of the GST law.