Tax Laws Amendment (2005 Measures No. 2) Act 2005 (78 of 2005)
Schedule 6 Goods and services tax and real property
A New Tax System (Goods and Services Tax) Act 1999
19 After section 75-25
75-27 Decreasing adjustment for later payment of consideration
(1) You have a decreasing adjustment if:
(a) section 75-12 applied to working out the *margin for a *taxable supply of *real property that you made; and
(b) after you made the supply, a further amount of the *consideration was paid for the earlier supply referred to in that section.
(2) The amount of the decreasing adjustment is an amount equal to 1/11 of the further amount of the *consideration paid.
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