A New Tax System (Goods and Services Tax) Regulations 2019

Chapter 4 - The special rules  

Part 4-7 - Special rules mainly about returns, payments and refunds  

Division 168 - Tourist refund scheme  

Subdivision 168-G - Period and manner of payment  

SECTION 168-5.15   Processing payment authority lodged at a TRS verification facility  

For the purposes of subsection 168-5(2) of the Act, this section applies if an acquirer:

(a) lodges a payment authority at a TRS verification facility when the acquirer is leaving the indirect tax zone; and

(b) includes with the authority instructions for paying an amount to the acquirer by:

(i) crediting the amount to a credit card account or an Australian bank account; or

(ii) posting a cheque for the amount to a nominated address.

The acquirer must be paid the amount in accordance with the instructions given with the authority.

The payment must be made within 60 days after the payment authority is lodged.

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