Tax Laws Amendment (2005 Measures No. 1) Act 2005 (77 of 2005)
Schedule 3 Supplies of rights or options offshore
A New Tax System (Goods and Services Tax) Act 1999
16B At the end of section 151-5
Add:
(2) However, you are not eligible to make an *annual tax period election if the only reason you are not *required to be registered is because you disregarded supplies under paragraph 188-15(3)(b) or (c) or 188-20(3)(b) or (c) (which are about supplies of rights or options offshore).
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