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A New Tax System (Goods and Services Tax) Act 1999
90‑30 Adjustments90‑30 Adjustments
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90‑30 Adjustments
(1) An *amalgamated company has an *adjustment if: (a) apart from the*amalgamation, any of the *amalgamating companies would have had the adjustment; and (b) the adjustment was not attributable, before the amalgamation, to a tax period applying to the amalgamating company. (2) This section has effect despite section 17‑10 (which is about the effect of adjustments on net amounts).