Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 110.15

  (1)   A supply is not a * taxable supply to the extent that it occurs because of the operation of these provisions:

  (a)   Part   3 - 90 of the * ITAA 1997;

  (b)   Part   3 - 90 of the Income Tax (Transitional Provisions) Act 1997 .

  (2)   Without limiting the scope of subsection   (1), for the purposes of that subsection, the operation mentioned in that subsection includes an operation that results from:

  (a)   a choice made under the provisions mentioned in that subsection; or

  (b)   any other voluntary action provided for by those provisions.

  (3)   This section has effect despite section   9 - 5 (which is about what are taxable supplies).