Document ID: chunk:federal_register_of_legislation:C2016A00052:clause:2_27
Version: federal_register_of_legislation:C2016A00052
Segment Type: clause
Provision Reference: sch 2 cl 27
Character Range: 46118–47050

27  Existing agreements: no opportunity to review
(1) The amendments made by this Schedule do not apply in relation to a supply if:
 (a) a written agreement specifically identifies the supply and identifies the consideration in money, or a way of working out the consideration in money, for the supply; and
 (b) the agreement was made before the commencement of this Schedule; and
 (c) the supplier is registered or required to be registered.
(2) Subitem (1) does not apply to a supply to the extent (if any) that it is made on or after the earlier of the following:
 (a) if a review opportunity (within the meaning of section 13 of the A New Tax System (Goods and Services Tax Transition) Act 1999) arises on or after the commencement of this Schedule—when that opportunity arises;
 (b) if the supplier and the recipient of the supply agree in writing that the amendments made by this Schedule should apply from a time—that time.