Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:4_8:p3
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 4 cl 8 (pt 3/3)
Character Range: 37120–38454

the agent to the principal, to which the principal's payment or liability relates, is not a *taxable supply.

 (4) This section has effect despite section 11‑5 (which is about what are creditable acquisitions), section 11‑10 (which is about what are acquisitions), section 9‑5 (which is about what are taxable supplies) and section 9‑75 (which is about the value of taxable supplies).

153‑65  Determinations that supplies or acquisitions are taken to be under these arrangements

 (1) The Commissioner may determine in writing that supplies or acquisitions of a specified kind that any entity (the agent) makes on behalf of any other entity (the principal) to or from third parties are taken to be supplies or acquisitions:
 (a) that are of a kind to which an arrangement of a kind referred to in section 153‑50 applies; and
 (b) that are made in accordance with that arrangement.

 (2) The determination has effect accordingly, unless either the agent or the principal notifies the other in writing, or both notify each other in writing, that:
 (a) any supplies that the agent makes to third parties on the principal's behalf are not supplies to which such an arrangement applies; and
 (b) any acquisitions that the agent makes from third parties on the principal's behalf are not acquisitions to which such an arrangement applies.