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A New Tax System (Goods and Services Tax) Act 1999
75‑25 Adjustments relating to bad debts75‑25 Adjustments relating to bad debts
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75‑25 Adjustments relating to bad debts
(1) If: (a) you have an *adjustment under Division 21 relating to a supply that you made that is a *taxable supply of *real property under the *margin scheme; and (b) the amount of the adjustment would (apart from this section) exceed 1/11 of the *margin for the supply; the amount of the adjustment is 1/11 of the margin for the supply. (2) This section has effect despite sections 21‑5 and 21‑10 (which are about adjustments for writing off and recovering suppliers’ bad debts).