Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 108.5

  (1)   The value of a * taxable supply of * excisable goods that are in bond is the sum of:

  (a)   the value of the supply worked out in the way set out in section   9 - 75; and

  (b)   the amount of * excise duty to which the goods would have been subject if they had been entered for home consumption under the Excise Act 1901 at the time the supply first became a supply * connected with the indirect tax zone.

  (2)   However, this section does not apply to a supply of goods to a * recipient who:

  (a)   is * registered or * required to be registered; and

  (b)   acquires the goods solely for a * creditable purpose.

  (3)   This section has effect despite section   9 - 75 (which is about the value of taxable supplies).