Goods and Services Tax: Waiver of Adjustment Note Requirement (eftpos Interchange Services Reports) Determination 2021
7. Requirements for relief from holding 7. Requirements for relief from holding an adjustment note
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7. Requirements for relief from holding an adjustment note
A member is not required to hold an adjustment note in order to attribute to a tax period the decreasing adjustment arising from an adjustment event provided:
(a) the member holds an eftpos interchange services report that records the adjustment,
(b) the eftpos interchange services report meets the requirements of section 8 of this determination, and
(c) the member holds the eftpos interchange services report at the time the member gives its GST return for that tax period to the Commissioner.