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A New Tax System (Goods and Services Tax) Act 1999
69‑20 Effect of elections on net amounts69‑20 Effect of elections on net amounts
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69‑20 Effect of elections on net amounts
(1) If you make an election under this Subdivision that has effect during a particular tax period, your *net amount for the tax period must be worked out on the basis of that election. (2) This section has effect despite section 17‑5 (which is about working out your net amount).