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A New Tax System (Goods and Services Tax) Act 1999
29‑80 Tax invoices and adjustment notes 29‑80 Tax invoices and adjustment notes not required for low value transactions
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29‑80 Tax invoices and adjustment notes not required for low value transactions
(1) Subsections 29‑10(3) and 29‑70(2) do not apply to a *creditable acquisition that relates to a *taxable supply the *value of which does not exceed $50, or such higher amount as the regulations specify. (2) Subsections 29‑20(3) and 29‑75(2) do not apply to a *decreasing adjustment of an amount that does not exceed $50, or such higher amount as the regulations specify.