Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 87.5

             (1)  The value of a * taxable supply of * commercial accommodation that:

                     (a)  is provided in * commercial residential premises that are * predominantly for long-term accommodation; and

                     (b)  is provided to an individual as * long-term accommodation;

is 50%, or such other percentage as is specified in the regulations, of what would be the * price of the supply if this Division did not apply.

             (2)  This section has effect despite section 9- 75 (which is about the value of taxable supplies).