Tax Laws Amendment (2009 GST Administration Measures) Act 2010 (20 of 2010)

Schedule 3   Agency provisions

A New Tax System (Goods and Services Tax) Act 1999

25   Subsection 153-65(1)

Repeal the subsection, substitute:

(1) The Commissioner may determine in writing that:

(a) supplies of a specified kind to third parties that any entity (the intermediary ) makes or facilitates (including by issuing *invoices relating to, or receiving *consideration for, such supplies) on behalf of any other entity (the principal ); or

(b) acquisitions of a specified kind from third parties that any entity (the intermediary ) makes or facilitates (including by providing consideration for such acquisitions) on behalf of any other entity (the principal );

are taken to be supplies or acquisitions that are of a kind to which an arrangement of a kind referred to in section 153-50 applies, and that are made in accordance with that arrangement.