Document ID: chunk:federal_register_of_legislation:C2025C00126:section:5:p28
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 5 (pt 28/33)
Character Range: 600033–602666

under section 105‑5.
 (1A) You must pay each amount:
 (a) on or before the later of:
 (i) the 21st day after the end of the month; and
 (ii) the day the Commissioner gives notice of the relevant *assessment to you under section 155‑10 in Schedule 1 to the Taxation Administration Act 1953; and
 (b) at the place and in the manner specified by the Commissioner.
 (2) This section has effect despite Division 33 (which is about payments of GST).

Division 108—Valuation of taxable supplies of goods in bond

108‑1  What this Division is about
      Taxable supplies of goods in bond are given a higher value than would otherwise apply, because the price of a supply in bond does not include any excise duty that would be included after entry of the goods for home consumption.

108‑5  Taxable supplies of goods in bond etc.
 (1) The value of a *taxable supply of *excisable goods that are in bond is the sum of:
 (a) the value of the supply worked out in the way set out in section 9‑75; and
 (b) the amount of *excise duty to which the goods would have been subject if they had been entered for home consumption under the Excise Act 1901 at the time the supply first became a supply *connected with the indirect tax zone.
 (2) However, this section does not apply to a supply of goods to a *recipient who:
 (a) is *registered or *required to be registered; and
 (b) acquires the goods solely for a *creditable purpose.
 (3) This section has effect despite section 9‑75 (which is about the value of taxable supplies).

Division 110—Tax‑related transactions

110‑1  What this Division is about
      Some transactions that relate to aspects of income tax and other taxes are outside the GST system.

Subdivision 110‑A—Income tax‑related transactions

110‑5  Transfers of tax losses and net capital losses
 (1) A supply is not a *taxable supply if the supply is:
 (a) the transfer of a *tax loss in accordance with Subdivision 170‑A of the *ITAA 1997; or
 (b) the transfer of a *net capital loss in accordance with Subdivision 170‑B of the ITAA 1997.
 (2) This section has effect despite section 9‑5 (which is about what are taxable supplies).

110‑15  Supplies under operation of consolidated group regime
 (1) A supply is not a *taxable supply to the extent that it occurs because of the operation of these provisions:
 (a) Part 3‑90 of the *ITAA 1997;
 (b) Part 3‑90 of the Income Tax (Transitional Provisions) Act 1997.
 (2) Without limiting the scope of subsection (1), for the purposes of that subsection, the operation mentioned in that subsection includes an operation that results from:
 (a) a choice made under the provisions