A New Tax System (Goods and Services Tax) Third Party Adjustment Note Information Requirements Determination 2020
5. Information requirements for third pa5. Information requirements for third party adjustment notes
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5. Information requirements for third party adjustment notes
For the purposes of paragraph 134‑20(1)(d) of the GST Act, a third party adjustment note must contain enough information to enable the following to be clearly ascertained:
(a) the payer's identity, as specified in a form other than the payer's ABN (note that under paragraph 134‑20(1)(c) of the GST Act, the payer must also set out its ABN)
(b) the payee's identity or the payee's ABN
(c) a description of the thing that the payee acquires (including the quantity) and to which the payment relates
(d) the amount of the payment (being a payment of money, an offset of debt, or a credit to an account) that represents a third party payment under Division 134 of the GST Act
(e) the amount of the payer's decreasing adjustment under subsection 134‑5(2) of the GST Act
(f) the date the note is issued.