A New Tax System (Goods and Services Tax) Act 1999
80‑95 Subdivision 80‑B to apply to payme80‑95 Subdivision 80‑B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement
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80‑95 Subdivision 80‑B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement
If: (a) an entity that is a *contributing operator of the *hybrid settlement sharing arrangement is a party to that arrangement because it is also the *managing operator of a *nominal defendant settlement sharing arrangement; and (b) the entity makes a payment that, as a result of section 80‑85, is a *contributing operator’s payment under the hybrid settlement sharing arrangement; then: (c) Subdivision 80‑A does not have any other effect in relation to the payment or supply in accordance with section 80‑85; but (d) Subdivision 80‑B (other than section 80‑45) applies in relation to the payment as if it were a *managing operator’s payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.