Tax Laws Amendment (Long-term Non-reviewable Contracts) Act 2005 (10 of 2005)
Schedule 1 Long term non reviewable contracts
A New Tax System (Goods and Services Tax Transition) Act 1999
15 After section 15I
Insert:
15IA Application of section 36 of the Taxation Administration Act 1953
Subsection 36(1) of the Taxation Administration Act 1953 does not apply to a refund under section 35-5 of the GST Act in respect of a tax period to the extent that the refund arises because:
(a) the GST on a taxable supply was attributable to that tax period and was payable by the supplier; and
(b) the recipient of the supply becomes liable for the GST on the supply because of section 15C of this Act.
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