Tax Laws Amendment (2005 Measures No. 2) Act 2005 (78 of 2005)
Schedule 6 Goods and services tax and real property
A New Tax System (Goods and Services Tax) Act 1999
27 Section 195-1 (definition of margin )
Omit "subsection 75-10(2)", substitute "sections 75-10 and 75-11".
27A Section 195-1 (definition of margin scheme)
Omit "you choose, under section 75-5, to use the margin scheme in working out the amount of GST on the supply", substitute "subsection 75-5(1) applies".
Taxation Administration Act 1953
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