Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:11_3d
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 11 cl 3D
Character Range: 86438–87062

3D  Subsection 9‑20(3)
Repeal the subsection, insert (after subsection (2)):

 (3) For the avoidance of doubt, the fact that activities of an entity are limited to making supplies to members of the entity does not prevent those activities:
 (a) being in the form of a *business within the meaning of paragraph (1)(a); or
 (b) being in the form of an adventure or concern in the nature of trade within the meaning of paragraph (1)(b).

Note: In addition to making other changes, item 3D corrects the incorrect location of this subsection by the A New Tax System (Indirect Tax and Consequential Amendments) Act (No. 2) 1999.