the A New Tax System (Goods and Services Tax) Act 1999 (Particular Attribution Rules for Lay-By Sales) Determination (No. 1) 2000
Reference: PAR 2000/1S1
Document type: Legislative Instrument
Enabling act: A New Tax System (Goods and Services Tax) Act 1999
Date of issue: 26 May 2000
Signatory: Marilyn Knight Senior Tax Counsel Goods and Services Tax Program Delegate of the Commissioner
Registration number: F2006B11600
Registration date: 20 November 2006


Citation | 1. This Determination may be cited as the A New Tax System (Goods and Services Tax) Act 1999 (Particular Attribution Rules for Lay-By Sales) Determination (No. 1) 2000. | Commencement | 2. This Determination commences on the date the A New Tax System (Goods and Services Tax) Act 1999 commences. | Particular Attribution Rules for GST payable on a taxable supply made under a lay-by sale agreement | 3.(1) The GST payable by you on a taxable supply of goods that you make under a lay-by sale agreement is attributable to the tax period in which the final instalment of consideration is received. | (2) This Clause applies only if you do not account on a cash basis. | Particular Attribution Rules for an input tax credit arising from a creditable acquisition made under a lay-by sale agreement | 4.(1) The input tax credit to which you are entitled for a creditable acquisition of goods that you make under a lay-by sale agreement is attributable to the tax period in which you provide the final instalment of consideration. | (2) This Clause applies only if you do not account on a cash basis. | Definitions | 5.(1) The following expressions are defined for the purposes of this Determination: lay-by sale agreement means an agreement under which goods are agreed to be sold on terms that the purchase price of the goods is to be paid by instalments and the goods will not be delivered to, or available for collection by, the purchaser until the purchase price is paid in full; the Act means the A New Tax System (Goods and Services Tax) Act 1999 . | lay-by sale agreement means an agreement under which goods are agreed to be sold on terms that the purchase price of the goods is to be paid by instalments and the goods will not be delivered to, or available for collection by, the purchaser until the purchase price is paid in full; the Act means the A New Tax System (Goods and Services Tax) Act 1999 . | (2) Other expressions in this Determination have the same meaning as in the Act.