Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.15

  (1)   A * contributing operator's payment is not treated as * consideration for a supply by the * managing operator, or for an acquisition by the * contributing operator.

  (2)   This section has effect despite section   9 - 15 (which is about consideration) and section   11 - 5 (which is about what is a creditable acquisition).