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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  

Note:

The special rules in this Part mainly modify the operation of Part 2-6, but they may affect other Parts of Chapter 2 in minor ways.

Division 153 - Agents etc. and insurance brokers  

Subdivision 153-A - General  

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).



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