Section 72‑20 Supplies and acquisitions that wou - A New Tax System (Goods and Services Tax) Act 1999 - 72‑20 Supplies and acquisitions that would otherwise be sales etc.

72‑20 Supplies and acquisitions that would otherwise be sales etc.

(1) If, apart from a lack of *consideration: (a) a supply to your *associate from you; or (b) a supply to you from your associate; would be a sale or some other kind of supply, the supply is taken for the purposes of the *GST law to be a supply of that kind. (2) If, apart from a lack of *consideration: (a) an acquisition by your *associate from you; or (b) an acquisition by you from your associate; would be by sale or some other means, the acquisition is taken for the purposes of the *GST law to be an acquisition by that means.

72‑20 Supplies and acquisitions that wou72‑20 Supplies and acquisitions that would otherwise be sales etc.

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72‑20 Supplies and acquisitions that would otherwise be sales etc.