A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 90 - Company amalgamations  

90-30   Adjustments  

(1)    
An * amalgamated company has an * adjustment if:


(a) apart from the * amalgamation , any of the * amalgamating companies would have had the adjustment; and


(b) the adjustment was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.

(2)    
This section has effect despite section 17-10 (which is about the effect of adjustments on net amounts).




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