Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_7:p6
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 7 (pt 6/8)
Character Range: 894952–897699

(Recipients)—General) Act 2005; or
 (e) the A New Tax System (Goods and Services Tax Imposition (Recipients)—Customs) Act 2005; or
 (f) the A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Act 2005.
GST benefit has the meaning given by subsection 165‑10(1).
GST branch has the meaning given by section 54‑5.
GST branch registration number, of a branch, means the branch's GST branch registration number notified under section 54‑15.
GST disadvantage has the meaning given by subsection 165‑45(2).
GST exclusive market value, in relation to a supply or acquisition:
 (a) other than of a *luxury car—is 10/11 of the *GST inclusive market value of the supply or acquisition; or
 (b) of a *luxury car—is 10/11 of the *GST inclusive market value of the luxury car (excluding any *luxury car tax that is, or would be, payable on the supply of that car).
GST exclusive value:
 (a) in relation to an acquisition:
 (i) other than of a *luxury car—means 10/11 of the *price of the supply of the thing being acquired; or
 (ii) of a *luxury car—means 10/11 of the *price of the supply of the luxury car (excluding any *luxury car tax payable on the supply); and
 (b) in relation to an importation that is a *taxable importation, means the *value of the importation; and
 (c) in relation to an importation that is not a taxable importation, means the amount that would be the value of the importation if it were a taxable importation.
GST‑free has the meaning given by subsection 9‑30(1) and Division 38.
GST group has the meaning given by section 48‑5.
GST inclusive market value of:
 (a) *consideration in connection with a supply; or
 (b) a thing, or a supply or acquisition of a thing;
means the market value of the consideration or thing, without any discount for any amount of GST or *luxury car tax payable on the supply.
GST instalment has the meaning given by subsection 162‑70(1).
GST instalment payer has the meaning given by section 162‑50.
GST instalment quarter has the meaning given by subsections 162‑70(2) and (3).
GST instalment shortfall, for a *GST instalment quarter in relation to which you are liable to pay a penalty under Subdivision 162‑D, means:
 (a) if the penalty is payable under section 162‑175—the amount worked out under subsection 162‑175(3) or paragraph 162‑175(4)(c) (whichever is applicable); or
 (b) if the penalty is payable under section 162‑180—the amount worked out under subsection 162‑180(3) or paragraph 162‑180(4)(c) (whichever is applicable); or
 (c) if the penalty is payable under section 162‑185—the amount worked out under subsection 162‑185(3).
Note: The amount of a GST instalment shortfall can be reduced under section 162‑195 or 162‑200 (or both).
GST joint venture has the meaning