Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 21.20

    You have a decreasing adjustment if:

  (a)   you made a * creditable acquisition in relation to which you had an * increasing adjustment under section   21 - 15 for a debt; and

  (b)   you pay to the supplier of the thing you acquired the whole or a part of the amount written off, or the whole or a part of the amount that has been * overdue for 12 months or more, as the case requires.

The amount of the decreasing adjustment is 1 / 11 of the amount recovered.