A New Tax System (Goods and Services Tax) Act 1999
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.Division 153 - Agents etc. and insurance brokers
Div 153 heading substituted by No 20 of 2010, s 3 and Sch 3 item 1, applicable in relation to supplies and acquisitions made on or after 1 July 2010. The heading formerly read:
Division 153 - Agents and insurance brokers
Div 153 heading substituted by No 177 of 1999, s 3 and Sch 1 item 109, effective 1 July 2000. The heading formerly read:
Division 153 - Agents
Subdiv 153-A heading inserted by No 92 of 2000, s 3 and Sch 4 item 5, effective 1 July 2000.
If you have a * decreasing adjustment relating to a supply made by you through an agent or made to you through an agent, an obligation under subsection 29-75(2) to issue an * adjustment note for the adjustment, or an obligation under subsection 134-20(2) to issue a * third party adjustment note for the adjustment:
(a) arises whether the * recipient makes a request for an adjustment note or a third party adjustment note to you or the agent; and
(b) is complied with if either you or your agent gives the recipient an adjustment note or a third party adjustment note within 28 days after the request.
S 153-20(1) amended by No 21 of 2010, s 3 and Sch 1 items 17 and 18, by inserting " , or an obligation under subsection 134-20(2) to issue a *third party adjustment note for the adjustment " after " for the adjustment " and inserting " or a third party adjustment note " after " an adjustment note " in paras (a) and (b), applicable in relation to payments made on or after 1 July 2010.
However, you and the agent must not both issue separate * adjustment notes or * third party adjustment notes for the adjustment.
S 153-20(2) amended by No 21 of 2010, s 3 and Sch 1 item 19, by inserting " or *third party adjustment notes " after " *adjustment notes " , applicable in relation to payments made on or after 1 July 2010.
This section has effect despite sections 29-75 (which is about adjustment notes) and 134-20 (which is about third party adjustment notes).
S 153-20(3) substituted by No 21 of 2010, s 3 and Sch 1 item 20, applicable in relation to payments made on or after 1 July 2010. S 153-20(3) formerly read:
This section has effect despite section 29-75 (which is about adjustment notes).
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