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A New Tax System (Goods and Services Tax) Act 1999
105‑10 Net amounts105‑10 Net amounts
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105‑10 Net amounts
(1) If you are not *registered or *required to be registered, you do not have a *net amount under Part 2‑4 merely because you make a *taxable supply under section 105‑5. (2) This section does not prevent an *adjustment arising that relates to such a supply, but you cannot have a *decreasing adjustment unless you are *registered or *required to be registered. (3) This section has effect despite Division 17 (which is about net amounts and adjustments).