Document ID: chunk:federal_register_of_legislation:C2010A00020:clause:6_3
Version: federal_register_of_legislation:C2010A00020
Segment Type: clause
Provision Reference: sch 6 cl 3
Character Range: 37769–38759

3  At the end of Subdivision 72‑A
Add:

72‑20  Supplies and acquisitions that would otherwise be sales etc.
 (1) If, apart from a lack of *consideration:
 (a) a supply to your *associate from you; or
 (b) a supply to you from your associate;
would be a sale or some other kind of supply, the supply is taken for the purposes of the *GST law to be a supply of that kind.
 (2) If, apart from a lack of *consideration:
 (a) an acquisition by your *associate from you; or
 (b) an acquisition by you from your associate;
would be by sale or some other means, the acquisition is taken for the purposes of the *GST law to be an acquisition by that means.

72‑25  Supplies that would otherwise be GST‑free, input taxed or financial supplies
  The fact that a supply to or from your *associate is without *consideration does not stop the supply from being any of the following for the purposes of the *GST law:
 (a) a *GST‑free supply;
 (b) a supply that is *input taxed;
 (c) a *financial supply.