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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  


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  


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.


However, you and the agent must not both issue separate * adjustment notes or * third party adjustment notes for the adjustment.


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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