A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-D - Ceasing to be a member of a GST group  

48-110   Adjustments after you cease to be a member of a GST group  


If you cease to be a member of a GST group (the first GST group ), any * adjustment that arises afterwards in relation to a supply, acquisition or importation that you made while a * member of the first GST group (other than a supply to, or an acquisition from, another member of that group):

(a) is an adjustment that you have; and

(b) is not an adjustment of the entity that is or was the * representative member of the first GST group (unless you were that representative member).

In relation to the first GST group, this section has effect despite section 48-50 (which is about who has adjustments for a GST group).


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