Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 153.20

Adjustment notes

             (1)  If you have a * decreasing adjustment relating to a supply made by you through an agent or made to you through an agent, an obligation under subsection 29-75(2) to issue an * adjustment note for the adjustment, or an obligation under subsection 134-20(2) to issue a * third party adjustment note for the adjustment:

                     (a)  arises whether the * recipient makes a request for an adjustment note or a third party adjustment note to you or the agent; and

                     (b)  is complied with if either you or your agent gives the recipient an adjustment note or a third party adjustment note within 28 days after the request.

             (2)  However, you and the agent must not both issue separate * adjustment notes or * third party adjustment notes for the adjustment.

             (3)  This section has effect despite sections 29-75 (which is about adjustment notes) and 134-20 (which is about third party adjustment notes).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback