Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A supply is GST - free if:
(a) the supplier is an * endorsed charity, a * gift - deductible entity or a * government school; and
(b) the supply is for * consideration that:
(i) if the supply is a supply of accommodation--is less than 75% of the * GST inclusive market value of the supply; or
(ii) if the supply is not a supply of accommodation--is less than 50% of the GST inclusive market value of the supply.
(2) A supply is GST - free if:
(a) the supplier is an * endorsed charity, a * gift - deductible entity or a * government school; and
(b) the supply is for * consideration that:
(i) if the supply is a supply of accommodation--is less than 75% of the cost to the supplier of providing the accommodation; or
(ii) if the supply is not a supply of accommodation--is less than 75% of the consideration the supplier provided, or was liable to provide, for acquiring the thing supplied.
(4) Subsections (1) and (2) do not apply to a supply by a * gift - deductible entity endorsed as a deductible gift recipient (within the meaning of the * ITAA 1997) under section 30 - 120 of the ITAA 1997, unless:
(a) the supplier is:
(i) an * endorsed charity; or
(ii) a * government school; or
(iii) a fund, authority or institution of a kind referred to in paragraph 30 - 125(1)(b) of the ITAA 1997; or
(b) each purpose to which the supply relates is a * gift - deductible purpose of the supplier.
Note: This subsection denies GST - free status under this section to supplies by certain (but not all) gift - deductible entities that are only endorsed for the operation of a fund, authority or institution. However, supplies can be GST - free under this section if they relate to the principal purpose of the fund, authority or institution.