Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p6
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 6/15)
Character Range: 532458–535102

the *price for the supply, subject to normal adjustments that apply on completion of transactions of that kind—that contract price; or
 (b) otherwise—the *price for the supply.
 (8) The Minister may, by legislative instrument, determine a percentage exceeding 7%, but not exceeding 9%, for the purposes of subparagraph (6)(a)(i).
 (9) Despite subsection (6), if:
 (a) the supplier is your *associate; and
 (b) the *supply is without *consideration or is for consideration that is less than the *GST inclusive market value;
the amount to be paid to the Commissioner is an amount equal to 10% of the *GST exclusive market value (within the meaning of the *GST Act) of the supply.
 (10) Despite subsections (6) and (9), if:
 (a) the *supply does not consist solely of one or more supplies to which subsection (2) applies; and
 (b) it is practicable to ascertain, at the time any of the *consideration for the supply (other than consideration provided as a deposit) is first provided, the amount (the reduced amount) of the amount provided under subsection (6) or (9) that relates to supplies to which subsection (2) applies;
the amount provided under subsection (6) or (9) is taken (other than for the purposes of this subsection) to be the reduced amount.

Multiple recipients
 (11) If there is more than one recipient (within the meaning of the *GST Act) of the *supply (the original supply):
 (a) treat each recipient as being the recipient of a separate supply; and
 (b) treat the amount under subsection (6), (9) or (10) (as the case requires) for such a separate supply as being the same proportion of that amount for the original supply, as the proportion of the original supply that is constituted by that separate supply.
Treat recipients who are joint tenants as a single recipient for the purposes of this subsection.

14‑255  Notification by suppliers of residential premises etc.
 (1) You must not make a *supply, by way of sale or long‑term lease (within the meaning of the *GST Act), of *residential premises or of *potential residential land to another entity unless, before making the supply, you have given to the other entity a written notice stating:
 (a) whether the other entity will be required to make a payment under section 14‑250 in relation to the supply; and
 (b) if the other entity will be required to make such a payment in relation to the supply:
 (i) the name and *ABN of the entity that is liable to pay the *GST on the supply; and
 (ii) the amount that the other entity will be required to pay to the Commissioner under section 14‑250 in relation to the supply; and
 (iii) when the other entity will be required