Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 156.17

  (1)   A supply that is made:

  (a)   for a period or on a progressive basis; and

  (b)   for * consideration that is to be provided on a progressive or periodic basis;

is treated, for the purposes of Division   58 (which is about representatives of incapacitated entities), as if each progressive or periodic component of the supply were a separate supply.

  (2)   An acquisition that is made:

  (a)   for a period or on a progressive basis; and

  (b)   for * consideration that is to be provided on a progressive or periodic basis;

is treated, for the purposes of Division   58 (which is about representatives of incapacitated entities), as if each progressive or periodic component of the acquisition were a separate acquisition.