For the purposes of each * taxation law, so much of the excess from subsection 142-5(1) (the excess GST ) as you have * passed on to another entity is taken to have always been:
(a) payable; and
(b) on a * taxable supply;
until you reimburse the other entity for the passed-on GST.
Note 1: If you reimburse the passed-on GST so that this section ceases to apply there will be an adjustment event under paragraph 19-10(1)(b) or (c). You will have a decreasing adjustment (see section 19- 55) and the other entity may have an increasing adjustment (see section 19-80).
Note 2: Any excess GST you have not passed on will be refunded as described in section 155- 75 in Schedule 1 to the Taxation Administration Act 1953 .
Note 3: While this section applies, paragraph 11-5(b) (about taxable supplies) is satisfied for the corresponding acquisition by the other entity.