84‑20 The price of taxable supplies of o

84‑20 The price of taxable supplies of offshore intangibles without, or for inadequate, consideration

(1) The price of a supply that is a *taxable supply because of section 84‑5 is the *GST inclusive market value of the supply, if: (a) the supply is from the *recipient’s *associate; and (b) the supply is: (i) without *consideration; or (ii) for consideration that is less than the GST inclusive market value.

Note: A supply to an associate without consideration may be a taxable supply, see section 72‑5.

(2) This section has effect despite section 9‑75 (which is about the price of taxable supplies).