CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
48‑1 What this Division is about48‑1 What this Division is about
Start here
Get a plain-English read of 48‑1 What this Division is about
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
48‑1 What this Division is about
Companies within a 90% owned group, and in some cases other entities (such as non‑profit bodies), can form a GST group. One member of the group then deals with all the GST liabilities and entitlements (except for GST on most taxable importations) of the group, and (in most cases) intra‑group transactions are excluded from the GST.
Note: Provisions for members of GST groups apply for the wine equalisation tax (see Subdivision 21‑B of the Wine Tax Act) and the luxury car tax (see Subdivision 16‑A of the A New Tax System (Luxury Car Tax) Act 1999).