Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a supply to your * associate for * consideration that is less than the * GST inclusive market value is a * taxable supply, its value is the * GST exclusive market value of the supply.
(2) Subsection (1) does not apply if:
(a) your associate is * registered or * required to be registered; and
(b) your associate acquires the thing supplied solely for a * creditable purpose.
(3) This section has effect despite section 9 - 75 (which is about the value of taxable supplies).
(4) This section does not apply to a supply that is a * taxable supply because of section 84 - 5 (which is about offshore supplies).