Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:4_9
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 4 cl 9
Character Range: 38456–39597

9  Before section 188‑25
Insert:

188‑24  Supplies to which Subdivision 153‑B applies

 (1) In working out your *current annual turnover or your *projected annual turnover, you may choose to treat the *value of any *taxable supply that, under subsection 153‑55(1), you are taken to make as an agent as being an amount equal to the difference between:
 (a) what is, apart from this section, the value of the supply; and
 (b) the value of the taxable supply that, under subsection 153‑55(2), is taken to be made to you in relation to the taxable supply that you are taken to make.

 (2) In working out your *current annual turnover or your *projected annual turnover, you may choose to treat the *value of any *taxable supply that, under subsection 153‑60(2), you are taken to make as an agent as being an amount equal to the difference between:
 (a) what is, apart from this section, the value of the supply; and
 (b) 10/11 of the *consideration you provided or are liable to provide for the *creditable acquisition that, under subsection 153‑60(1), you are taken to make and that relates to that supply.

Taxation Administration Act 1953