Commonwealth legislation

A New Tax System (Goods and Services Tax) Act 1999 Waiver of Requirement to hold an Adjustment Note for a Decreasing Adjustment Determination 2000

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

What this does: This determination lets businesses skip the usual paperwork requirement (called an adjustment note) when claiming a GST credit or refund for specific transactions.

Who it affects: Businesses making a "decreasing adjustment" — essentially when you reduce the amount of GST you owe or claim money back.

The specific rule: Normally, to claim a GST adjustment, you need an adjustment note (a document proving the change). This waiver says you don't need that document if your decreasing adjustment relates to a taxable supply under section 84-5 of the GST Act. Section 84-5 covers supplies of things that aren't goods or services — for example, certain rights, licenses, or arrangements that don't fit the normal categories.

Why it matters: It reduces red tape for specific transactions where obtaining an adjustment note might be difficult or impractical.

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Current sections

Direct links to the current provisions in A New Tax System (Goods and Services Tax) Act 1999 Waiver of Requirement to hold an Adjustment Note for a Decreasing Adjustment Determination 2000.

A New Tax System (Goods and Services Tax) Act 1999 Waiver of Requirement to hold an Adjustment Note for a Decreasing Adjustment Determination 2000

COMMONWEALTH OF AUSTRALIA

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999

DETERMINATION

Under paragraph 29-20(3) of the A New Tax System (Goods and Services Tax) Act 1999 and subsection 4(1) of the Acts Interpretation Act 1901 I make the following determination:

Citation

This determination may be cited as the A New Tax System (Goods and Services Tax) Act 1999 Waiver of Requirement to hold an Adjustment Note for a Decreasing Adjustment Determination 2000.

Waiver of Adjustment Note Requirement

The following circumstances are circumstances of a kind in which the requirement for an adjustment note under subsection 29-20(3) does not apply:

(a) where the decreasing adjustment relates to a taxable supply under section 84-5 of the Act.

Dated this 21st day of March 2000.

Signed by Lawrie Hill

Assistant Commissioner

GST Rulings

Delegate of the Commissioner

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 A New Tax System (Goods and Services Tax) Act 1999 Waiver of Requirement to hold an Adjustment Note for a Decreasing Adjustment Determination 2000