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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-B - Consequences of GST groups  

48-50   Adjustments  


Any * adjustment that an entity has and that is attributable to a tax period during which the entity is a *member of a *GST group is to be treated as if:

(a) the entity did not have the adjustment (unless the entity is the * representative member ); and

(b) the representative member had the adjustment.

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

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.