S 147-20 repealed by No 118 of 2009, s 3 and Sch 1 item 30, effective 4 December 2009. S 147-20 formerly read:
147-20 Effect of representative failing to notify the Commissioner of certain adjustments
(1)
If:
(a)
an
*increasing adjustment
relates to a supply, acquisition or importation that an
*incapacitated entity
made before a
*representative
of the incapacitated entity was appointed; and
(b)
the adjustment arises after that appointment; and
(c)
the representative fails to give the Commissioner written notice that:
(i)
states that the adjustment has arisen in these circumstances; and
(ii)
specifies the amount of the adjustment;
the adjustment is to be treated as if:
(d)
the representative had the adjustment; and
(e)
the incapacitated entity did not have the adjustment.
History
S 147-20(1) substituted by No 118 of 2009, s 3 and Sch 1 item 10, effective 1 July 2000. S 147-20(1) formerly read:
(1)
If:
(a)
an *
adjustment
relates to a supply, acquisition or importation that an *
incapacitated entity
made before a *
representative
of the incapacitated entity was appointed; and
(b)
the adjustment arises after that appointment; and
(c)
in the case of an *
increasing adjustment
-
the representative gives the Commissioner written notice that:
(i)
states that the adjustment has arisen in these circumstances; and
(ii)
specifies the amount of the adjustment;
the adjustment is to be treated as if:
(d)
the representative did not have the adjustment; and
(e)
the incapacitated entity had the adjustment.
S 147-20(1) substituted by No 156 of 2000, s 3 and Sch 4 item 17, applicable in relation to net amounts for tax periods starting on or after 1 July 2000. S 147-20(1) formerly read:
(1)
Any *adjustment relating to a supply, acquisition or importation that:
(a)
an *incapacitated entity had before a *representative of an *incapacitated entity was appointed; and
(b)
was not attributable to a tax period applying to the incapacitated entity that ended before that appointment;
is to be treated as if:
(c)
the incapacitated entity did not have the adjustment; and
(d)
the representative had the adjustment.
(2)
This section has effect despite
section 17-10
(which is about the effect of adjustments on net amounts).
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