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A New Tax System (Goods and Services Tax) Act 1999
105‑1 What this Division is about105‑1 What this Division is about
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105‑1 What this Division is about
This Division makes a creditor liable for GST on supplies of a debtor’s property where the supply is in satisfaction of a debt owed to the creditor.
Note: This Division overrides Division 58 to the extent that the creditor is a representative of the debtor and the debtor is an incapacitated entity (see section 58‑95).