Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 100.12

  (1)   To avoid doubt, the consideration for a * taxable supply of a thing acquired by fully redeeming a * voucher is taken to be the sum of:

  (a)   the * stated monetary value of the voucher, reduced by any amount of that value refunded to the holder of the voucher in respect of the supply; and

  (b)   any additional consideration provided for the supply.

  (2)   To avoid doubt, the consideration for a * taxable supply of a thing acquired by partly redeeming a * voucher is taken to be the sum of:

  (a)   the amount of the * stated monetary value of the voucher that the redemption represents; and

  (b)   any additional consideration provided for the supply.

  (3)   Subsections   (1) and (2) have effect despite section   9 - 15 (which is about consideration).