Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.30

  (1)   GST payable on any * taxable supply or * taxable importation that the * joint venture operator of a * GST joint venture makes, on behalf of another entity that is a * participant in the joint venture, in the course of activities for which the joint venture was entered into:

  (a)   is payable by the joint venture operator; and

  (b)   is not payable by the participant.

Note:   However, each participant may be jointly and severally liable to pay the GST that is payable by the joint venture operator (see section   444 - 80 in Schedule   1 to the Taxation Administration Act 1953 ).

  (2)   However, a supply that the * joint venture operator of a * GST joint venture makes is treated as if it were not a * taxable supply if:

  (a)   it is made to another entity that is a * participant in the joint venture; and

  (b)   the participant acquired the thing supplied for consumption, use or supply in the course of activities for which the joint venture was entered into.

  (3)   This section has effect despite sections   9 - 40 and 13 - 15 (which are about liability for GST).