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A New Tax System (Goods and Services Tax) Act 1999
49‑40 Adjustment events49‑40 Adjustment events
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49‑40 Adjustment events
(1) An *adjustment event cannot arise in relation to: (a) a supply that a *member of a *GST religious group makes to another member of the same GST religious group; or (b) an acquisition that a member of a GST religious group makes from another member of the same GST religious group. (2) This section has effect despite section 19‑10 (which is about what are adjustment events).