A New Tax System (Goods and Services Tax) Act 1999
Note:Division 134 - Third party payments
(a) you have a * decreasing adjustment under section 134-5 ; and
(b) you do not hold a * third party adjustment note for the adjustment when you give to the Commissioner a * GST return for the tax period to which the adjustment (or any part of the adjustment) would otherwise be attributable;
(c) the adjustment (including any part of the adjustment) is not attributable to that tax period; and
(d) the adjustment (or part) is attributable to the first tax period for which you give to the Commissioner a GST return at a time when you hold that third party adjustment note.
However, this subsection does not apply in circumstances of a kind determined by the Commissioner, by legislative instrument, to be circumstances in which the requirement for an adjustment note does not apply.
For the giving of GST returns to the Commissioner, see Division 31 .(2)
This section does not apply to a * decreasing adjustment of an amount that does not exceed the amount provided for under subsection 29-80(2) . (3)
This section has effect despite section 29-20 (which is about attributing adjustments).
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