Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p51
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 51/58)
Character Range: 765877–768764

specified kind from third parties that any entity (the intermediary) makes or facilitates (including by providing consideration for such acquisitions) on behalf of any other entity (the principal);
are taken to be supplies or acquisitions that are of a kind to which an arrangement of a kind referred to in section 153‑50 applies, and that are made in accordance with that arrangement.
 (2) The determination has effect accordingly, unless either the intermediary or the principal notifies the other in writing, or both notify each other in writing, that:
 (a) any supplies to third parties that the intermediary makes or facilitates (including by issuing *invoices relating to, or receiving *consideration for, such supplies) on the principal's behalf are not supplies to which such an arrangement applies; and
 (b) any acquisitions from third parties that the intermediary makes or facilitates (including by providing consideration for such acquisitions) on the principal's behalf are not acquisitions to which such an arrangement applies.

Division 156—Supplies and acquisitions made on a progressive or periodic basis

156‑1  What this Division is about
      Supplies and acquisitions made for a period or on a progressive basis are treated as separate supplies or acquisitions for some purposes, in particular the attribution rules.

156‑5  Attributing the GST on progressive or periodic supplies
 (1) The GST payable by you on a *taxable 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 attributable, in accordance with section 29‑5, as if each progressive or periodic component of the supply were a separate supply.
 (2) If the progressive or periodic components of such a supply are not readily identifiable, the components correspond to the proportion of the total *consideration for the supply that the separate amounts of consideration represent.

156‑10  Attributing the input tax credits on progressive or periodic acquisitions
 (1) The input tax credit to which you are entitled for a *creditable 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 attributable, in accordance with section 29‑10, as if each progressive or periodic component of the acquisition were a separate acquisition.
 (2) If the progressive or periodic components of such an acquisition are not readily identifiable, the components correspond to the proportion of the total *consideration for the acquisition that the separate amounts of 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