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A New Tax System (Goods and Services Tax) Act 1999
80‑15 Effect of contributing operator’s 80‑15 Effect of contributing operator’s payment
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80‑15 Effect of contributing operator’s payment
(1) A *contributing operator’s payment is not treated as *consideration for a supply by the *managing operator, or for an acquisition by the *contributing operator. (2) This section has effect despite section 9‑15 (which is about consideration) and section 11‑5 (which is about what is a creditable acquisition).