110‑60 Indirect tax sharing agreements—e110‑60 Indirect tax sharing agreements—entering into agreement etc.

110‑60 Indirect tax sharing agreements—entering into agreement etc.

(1) This section applies if: (a) an entity makes a supply because it enters into or becomes a party to an agreement; and (b) the agreement: (i) satisfies the requirements of subsections 444‑90(1A) to (1E) in Schedule 1 to the Taxation Administration Act 1953 in relation to an indirect tax amount referred to in subsection 444‑90(1) in that Schedule; or (ii) satisfies the requirements of subsections 444‑80(1A) to (1E) in Schedule 1 to the Taxation Administration Act 1953 in relation to an indirect tax amount referred to in subsection 444‑80(1) in that Schedule. (2) The supply is not a *taxable supply to the extent that it relates to the fact that the agreement satisfies those requirements. (3) This section has effect despite section 9‑5 (which is about what are taxable supplies).