A New Tax System (Goods and Services Tax) Act 1999
Note:Division 133 - Providing additional consideration under gross-up clauses
(a) you have a * decreasing adjustment under this Division for an acquisition; and
(b) the circumstances that gave rise to the adjustment also constitute an * adjustment event ;
you do not have a decreasing adjustment under section 19-70 for the acquisition in relation to those circumstances.(2)
This section has effect despite section 19-70 (which is about adjustments for acquisitions arising because of adjustment events).
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