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

Chapter 2 - The basic rules  

Part 2-4 - Net amounts and adjustments  

Division 17 - Net amounts and adjustments  

17-20   Determinations relating to how to work out net amounts  

The Commissioner may make a determination that, in the circumstances specified in the determination, a * net amount for a tax period may be worked out to take account of other matters in the way specified in the determination.


The matters must relate to correction of errors that were made in working out *net amounts for tax periods to which subsection (2A) applies.

This subsection applies to a * net amount for a tax period (the earlier tax period ) if:

(a) the earlier tax period precedes the tax period mentioned in subsection (1); and

(b) the tax period mentioned in subsection (1) starts during the * period of review for the * assessment of the * net amount .

If those circumstances apply in relation to a tax period applying to you, you may work out your * net amount for the tax period in that way.

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