Tax Laws Amendment (2009 Measures No. 5) Act 2009 (118 of 2009)

Schedule 1   GST and representatives of incapacitated entities

Part 1   Amendments commencing on 1 July 2000

A New Tax System (Goods and Services Tax) Act 1999

10   Subsection 147-20(1)

Repeal the subsection, substitute:

(1) If:

(a) an *increasing adjustment relates to a supply, acquisition or importation that an *incapacitated entity made before a *representative of the incapacitated entity was appointed; and

(b) the adjustment arises after that appointment; and

(c) the representative fails to give the Commissioner written notice that:

(i) states that the adjustment has arisen in these circumstances; and

(ii) specifies the amount of the adjustment;

the adjustment is to be treated as if:

(d) the representative had the adjustment; and

(e) the incapacitated entity did not have the adjustment.