Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016 (52 of 2016)

Schedule 2   GST treatment of cross-border transactions between businesses

Part 1   Cross-border supplies that are not connected with the indirect tax zone

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

10   Subsection 84-13(1) (definition of extent of consideration)

Repeal the definition, substitute:

extent of consideration is:

(a) if the *recipient is the supplier's *associate and the supply is without *consideration - 100%; or

(b) in any other case - the extent to which you provide, or are liable to provide, the consideration for the acquisition, expressed as a percentage of the total consideration for the acquisition.