Document ID: chunk:federal_register_of_legislation:C2025C00126:section:14:p2
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 14 (pt 2/5)
Character Range: 48098–50763

net amounts (including adjustments to net amounts), see Part 2‑4.

7‑10  Tax periods
  Every entity that is *registered, or *required to be registered, has tax periods applying to it.
For registration, see Part 2‑5.
For tax periods, see Part 2‑6.

7‑15  Payments and refunds
  The amount *assessed as being the *net amount for a tax period is the amount that the entity must pay to the Commonwealth, or the Commonwealth must refund to the entity, in respect of the period.
For payments and refunds (and GST returns), see Part 2‑7.
Note 1: For assessment of net amounts, see Division 155 in Schedule 1 to the Taxation Administration Act 1953.
Note 2: Refunds may be set off against your other liabilities (if any) under laws administered by the Commissioner.

Part 2‑2—Supplies and acquisitions

Division 9—Taxable supplies

Table of Subdivisions
9‑A What are taxable supplies?
9‑B Who is liable for GST on taxable supplies?
9‑C How much GST is payable on taxable supplies?

9‑1  What this Division is about
       GST is payable on taxable supplies. This Division defines taxable supplies, states who is liable for the GST, and describes how to work out the GST on supplies.

Subdivision 9‑A—What are taxable supplies?

9‑5  Taxable supplies
  You make a taxable supply if:
 (a) you make the supply for *consideration; and
 (b) the supply is made in the course or furtherance of an *enterprise that you *carry on; and
 (c) the supply is *connected with the indirect tax zone; and
 (d) you are *registered, or *required to be registered.
However, the supply is not a *taxable supply to the extent that it is *GST‑free or *input taxed.

9‑10  Meaning of supply
 (1) A supply is any form of supply whatsoever.
 (2) Without limiting subsection (1), supply includes any of these:
 (a) a supply of goods;
 (b) a supply of services;
 (c) a provision of advice or information;
 (d) a grant, assignment or surrender of *real property;
 (e) a creation, grant, transfer, assignment or surrender of any right;
 (f) a *financial supply;
 (g) an entry into, or release from, an obligation:
 (i) to do anything; or
 (ii) to refrain from an act; or
 (iii) to tolerate an act or situation;
 (h) any combination of any 2 or more of the matters referred to in paragraphs (a) to (g).
 (3) It does not matter whether it is lawful to do, to refrain from doing or to tolerate the act or situation constituting the supply.
 (3A) For the avoidance of doubt, the delivery of:
 (a) livestock for slaughtering or processing into *food; or
 (b) game for processing into *food;
under an arrangement under which the entity making the delivery only relinquishes title after food has been produced,