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  

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

168-5.15(1)  
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.

168-5.15(2)  
The acquirer must be paid the amount in accordance with the instructions given with the authority.

168-5.15(3)  
The payment must be made within 60 days after the payment authority is lodged.




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