Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)
Schedule 4 Adjustments
A New Tax System (Goods and Services Tax) Act 1999
13 Section 136-1
Repeal the section, substitute:
136-1 What this Division is about
The amount of an adjustment that you have under Division 21 for a bad debt is reduced under this Division if the transaction to which the adjustment relates:
• was a supply that was partly taxable or an acquisition that was partly creditable; or
• was fully taxable or creditable, but not to the extent of1/11 of the price or consideration for the transaction.