4Additional information requirements

4 Additional information requirements

(1) Adjustment note other than a recipient created adjustment note

An adjustment note (other than a recipient created adjustment note referred to in subsection 5(2) of this determination) must contain the following information, or enough information to enable the following to be clearly ascertained:

(a) an indication that the document is intended to be an adjustment note and the effect, whether positive or negative, of the adjustment;

(b) the identity, including the ABN, of the supplier or the supplier’s agent;

(c) the identity or ABN of the recipient, the recipient’s agent, or another member of the recipient’s GST group, if the adjustment note:

i relates to a tax invoice showing the total price for the supply or supplies is at least $1,000 (or any higher amount specified in regulations made for the purpose of subparagraph 29-70(1)(c)(ii) of the GST Act); or

ii arises out of an adjustment event where a supply that was not taxable becomes taxable and the price of the supply is at least $1,000 (or any higher amount specified in regulations made for the purpose of subparagraph 29‑70(1)(c)(ii) of the GST Act);

(d) the issue date of the adjustment note;

(e) a brief explanation of the reason for the adjustment;

(f) the amount of the adjustment to the GST payable (unless the alternative method in subsection 4(3) is adopted); and

(g) if there is a difference between the price of the supply before the adjustment event and the price of the supply after the adjustment event – that difference. Where the supply is not a wholly taxable supply, the adjustment note may identify only the difference in the price to the extent it causes the adjustment.

(2) Recipient created adjustment note

A recipient created adjustment note must contain the following information, or enough information to enable the following to be clearly ascertained:

(a) an indication that the document is intended to be a recipient created adjustment note and the effect, whether positive or negative, of the adjustment;

(b) the identity, including the ABN, of the supplier or the supplier’s agent;

(c) the identity, including the ABN, of the recipient or the recipient’s agent;

(d) the issue date of the adjustment note;

(e) a brief explanation of the reason for the adjustment;

(f) the amount of the adjustment to the GST payable (unless the alternative method in subsection 4(3) is adopted); and

(g) if there is a difference between the price of the supply before the adjustment event and the price of the supply after the adjustment event – that difference. Where the supply is not a wholly taxable supply, the adjustment note may identify only the difference in the price to the extent it causes the adjustment.