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  


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 100 - Vouchers  

100-15   Increasing adjustments for unredeemed vouchers  

You have an increasing adjustment if:

(a) you supplied a * voucher for * consideration ; and

(b) on redemption of the voucher, the holder of the voucher was entitled to supplies up to the *stated monetary value of the voucher; and

(c) the voucher has not been fully redeemed; and

(d) you have, for accounting purposes, written back to current income any reserves for the redemption of the voucher.


The amount of the increasing adjustment is 1/11 of the *stated monetary value of the voucher to the extent that it was not redeemed.

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