Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p8
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 8/63)
Character Range: 263554–266219

from residential premises that became the subject of a *property subdivision plan; and
 (b) the residential premises referred to in paragraph (a) were not new residential premises immediately before they became the subject of that plan.
This subsection has effect subject to paragraphs (1)(b) and (c).

Disregard certain supplies of the premises
 (2A) A supply of the *residential premises is disregarded as a sale or supply for the purposes of applying paragraph (1)(a):
 (a) if it is a supply by a member of a *GST group to another member of the GST group; or
 (b) if:
 (i) it is a supply by the *joint venture operator of a *GST joint venture to another entity that is a *participant in the joint venture; and
 (ii) the other entity acquired the interest, unit or lease for consumption, use or supply in the course of activities for which the joint venture was entered into.
 (2B) A supply (the wholesale supply) of the *residential premises is disregarded as a sale or supply for the purposes of applying paragraph (1)(a) if:
 (a) the premises from which the residential premises were created had earlier been supplied to the *recipient of the wholesale supply or one or more of its *associates; and
 (b) an arrangement (including an agreement) was made by:
 (i) the supplier of the earlier supply, or one or more associates of the supplier; and
 (ii) the recipient of the earlier supply, or one or more associates of the recipient; and
 (c) under the arrangement, the wholesale supply was conditional on:
 (i) specified building or renovation work being undertaken by the recipient of the earlier supply, or by one or more associates of the recipient; or
 (ii) circumstances existing as specified in regulations made for the purposes of this subparagraph.
Note 1: The premises referred to in paragraph (a) could be vacant land.
Note 2: For subparagraph (c)(ii), circumstances may be specified by class (see subsection 13(3) of the Legislation Act 2003).
Note 3: This subsection does not apply to a supply if certain commercial commitments were in place before 27 January 2011 (see item 12 of Schedule 4 to the Tax Laws Amendment (2011 Measures No. 9) Act 2012).
 (2C) A supply of the *residential premises is disregarded as a sale or supply for the purposes of applying paragraph (1)(a) if it is made because a *property subdivision plan relating to the premises was lodged for registration (however described) by the *recipient of the supply or the recipient's *associate.
Note: This subsection does not apply to a supply if the plan was lodged for registration before 27 January 2011 (see item 13 of Schedule 4 to the Tax Laws Amendment (2011 Measures No. 9)