Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p52
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 52/58)
Character Range: 768519–771222

consideration represent.

156‑15  Progressive or periodic supplies partly connected with the indirect tax zone
 (1) If:
 (a) a *taxable supply is made for a period or on a progressive basis; and
 (b) the supply is made for *consideration that is to be provided on a progressive or periodic basis; and
 (c) the whole of a progressive or periodic component of the supply would not be *connected with the indirect tax zone if it were a separate supply;
that component is treated as if it were a separate supply that is not connected with the indirect tax zone.
 (2) This section has effect despite section 9‑25 (which is about when supplies are connected with the indirect tax zone) and Division 96.

156‑17  Application of Division 58 to progressive or periodic supplies and acquisitions
 (1) A supply that is made:
 (a) for a period or on a progressive basis; and
 (b) for *consideration that is to be provided on a progressive or periodic basis;
is treated, for the purposes of Division 58 (which is about representatives of incapacitated entities), as if each progressive or periodic component of the supply were a separate supply.
 (2) An acquisition that is made:
 (a) for a period or on a progressive basis; and
 (b) for *consideration that is to be provided on a progressive or periodic basis;
is treated, for the purposes of Division 58 (which is about representatives of incapacitated entities), as if each progressive or periodic component of the acquisition were a separate acquisition.

156‑20  Application of Division 129 to progressive or periodic acquisitions
  An acquisition that is made:
 (a) for a period or on a progressive basis; and
 (b) for *consideration that is to be provided on a progressive or periodic basis;
is treated, for the purposes of Division 129 (which is about changes in the extent of creditable purpose), as if each progressive or periodic component of the acquisition were a separate acquisition.

156‑22  Leases etc. treated as being on a progressive or periodic basis
  For the purposes of this Division, a supply or acquisition by way of lease, hire or similar arrangement is to be treated as a supply or acquisition that is made on a progressive or periodic basis, for the period of the lease, hire or arrangement.

156‑23  Certain supplies or acquisitions under hire purchase agreements treated as not on progressive or periodic basis
  For the purposes of this Division, a supply or acquisition of goods or credit under a *hire purchase agreement is treated as not being a supply or acquisition made on a progressive or periodic basis.

156‑25  Accounting on a cash basis
  This Division (other than sections 156‑15 and 156‑17) does not apply if you *account