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  

168-5.16   Processing payment authority given to Comptroller-General of Customs  

168-5.16(1)  
For the purposes of subsection 168-5(2) of the Act, this section applies if:


(a) an acquirer posts a payment authority, from a place outside the indirect tax zone, to the Comptroller-General of Customs; and


(b) the acquirer 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; and


(c) the Comptroller-General of Customs receives the authority not later than 30 days after the day on which the payment authority was given to the acquirer.

168-5.16(2)  
The acquirer must be paid the amount in accordance with the instructions given with the authority.

168-5.16(3)  
The payment must be made within 60 days after the Comptroller-General of Customs receives the payment authority.




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