Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 75.25

  (1)   If:

  (a)   you have an * adjustment under Division   21 relating to a supply that you made that is a * taxable supply of * real property under the * margin scheme; and

  (b)   the amount of the adjustment would (apart from this section) exceed 1 / 11 of the * margin for the supply;

the amount of the adjustment is 1 / 11 of the margin for the supply.

  (2)   This section has effect despite sections   21 - 5 and 21 - 10 (which are about adjustments for writing off and recovering suppliers' bad debts).