Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:7_12
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 7 cl 12
Character Range: 56564–57144

12  After subsection 51‑45(2)
Insert:

 (2A) However, while an election made by the *joint venture operator under section 51‑52 has effect:
 (a) Division 17 applies to the joint venture operator as if the joint venture operator had an additional *net amount, relating to all the *GST joint ventures for which the joint venture operator is the joint venture operator, for each tax period; and
 (b) that additional net amount is worked out by aggregating what would be the additional *net amounts relating to each GST joint venture under subsection (2) if that subsection applied.