A New Tax System (Goods and Services Tax) Act 1999 s 75-10(3)

Goods and services tax: government entities and the margin scheme - does item 4 in the table in subsection 75-10(3) apply if real property was vested for no consideration in a government department or agency on or after 1 July 2000 but was held by another department or agency of the Commonwealth or the same State or Territory since before 1 July 2000?

Compendium

GST and valuation date for calculating GST under the margin scheme

GST and calculating the margin on the granting of a long term lease of land that was acquired before 1 July 2000