Document ID: chunk:federal_register_of_legislation:C2017C00021:section:15d
Version: federal_register_of_legislation:C2017C00021
Segment Type: section
Provision Reference: s 15D
Character Range: 25157–26052

15D  Amounts of GST
 (1) If GST is payable by the recipient of the taxable supply because of this Division, the amount of GST on the supply is 10% of the price of the supply to the extent that it is made on or after the applicable day for the supply.
 (2) If the supplier and the recipient are associates and:
 (a) the supply is without consideration; or
 (b) the consideration for the supply is less than the GST exclusive market value of the supply;
the reference in subsection (1) to the price of the supply is taken to be a reference to the GST exclusive market value of the supply.
 (3) Subsection (2) does not apply if:
 (a) the recipient acquires the thing supplied solely for a creditable purpose; and
 (b) the recipient is registered or required to be registered.
 (4) This section has effect despite section 9‑70 of the GST Act (which is about the amount of GST on taxable supplies).