A New Tax System (Goods and Services Tax) Regulations 2019
For the purposes of subsection 168-5(2) of the Act, this section applies if:
(a) an acquirer posts a payment authority, from a place outside the indirect tax zone, to the Comptroller-General of Customs; and
(b) the acquirer includes with the authority instructions for paying an amount to the acquirer by:
(i) crediting the amount to a credit card account or an Australian bank account; or
(ii) posting a cheque for the amount to a nominated address; and
(c) the Comptroller-General of Customs receives the authority not later than 30 days after the day on which the payment authority was given to the acquirer. (2)
The acquirer must be paid the amount in accordance with the instructions given with the authority. (3)
The payment must be made within 60 days after the Comptroller-General of Customs receives the payment authority.
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