A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
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).
Note:
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.
Division 90 - Company amalgamations 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).
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