Crimes Legislation Amendment (Economic Disruption) Act 2021 (3 of 2021)

Schedule 7   Official Trustee

Part 1   General amendments

Division 1   Amendments

Proceeds of Crime Act 2002

59   Section 338

Insert:

entitled , in relation toan *input tax credit, includes notionally entitled to the input tax credit.

foreign deferred prosecution agreement means an agreement that:

(a) is between a person and a competent authority of a foreign country; and

(b) provides for the indefinite deferral of the prosecution of the person for an offence against a law of the foreign country, so long as the conditions set out in the agreement are met.

GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.

input tax credit has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999).

liability to pay GST includes notional liability to pay GST.