A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
For subsection 168-5(2) of the Act, this regulation applies if:
(a) an acquirer lodges a claim for payment in accordance with subregulations 168-5.10(2) and (3) or subregulations 168-5.10C(2) and (2A) ; and
(b) the acquirer includes with the claim 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, or a person authorised by the Comptroller-General of Customs, is satisfied that the acquirer is entitled to be paid an amount under section 168-5 of the Act.
The acquirer must be paid the amount in accordance with the instructions given with the claim. (3)
The payment must be made within 60 days after whichever is the later of the following:
(a) the day the Comptroller-General of Customs receives the claim;
(b) if the Comptroller-General of Customs asks the acquirer to give information relating to the claim for payment - the day the Comptroller-General receives the information.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.