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A New Tax System (Goods and Services Tax) Act 1999
48‑50 Adjustments48‑50 Adjustments
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48‑50 Adjustments
(1) Any *adjustment that an entity has and that is attributable to a tax period during which the entity is a *member of a *GST group is to be treated as if: (a) the entity did not have the adjustment (unless the entity is the *representative member); and (b) the representative member had the adjustment. (2) This section has effect despite section 17‑10 (which is about the effect of adjustments on net amounts).