Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 80.95

    If:

  (a)   an entity that is a * contributing operator of the * hybrid settlement sharing arrangement is a party to that arrangement because it is also the * managing operator of a * nominal defendant settlement sharing arrangement; and

  (b)   the entity makes a payment that, as a result of section   80 - 85, is a * contributing operator's payment under the hybrid settlement sharing arrangement;

then:

  (c)   Subdivision   80 - A does not have any other effect in relation to the payment or supply in accordance with section   80 - 85; but

  (d)   Subdivision   80 - B (other than section   80 - 45) applies in relation to the payment as if it were a * managing operator's payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.