Reg 29-70.02 repealed by SLI No 206 of 2010, reg 4 and Sch 1 item 2, applicable in relation to net amounts for tax periods starting on or after 1 July 2010. Reg 29-70.02 formerly read:
29-70.02 Information that must be contained in a recipient created tax invoice (Act s 29-70)
(1)
For paragraph 29-70(1)(d) of the Act, a recipient created tax invoice is to contain the following information:
(a)
the words
"
recipient created tax invoice
"
stated prominently;
(b)
the information stated in paragraphs (b) to (g) of subregulation 29-70.01(2);
(c)
the ABN of the supplier.
(2)
If the recipient created tax invoice is for 1 or more taxable supplies only, the tax invoice must also contain:
(a)
a statement to the effect that the total amount payable includes GST for the supply or supplies; or
(b)
the following information:
(i)
the total amount of GST payable;
(ii)
a statement to the effect that the GST shown is payable by the supplier.
(3)
If the recipient created tax invoice is for 1 or more taxable supplies and any of the following supplies:
(a)
a supply that is GST-free or input taxed;
(b)
a supply that was made before 1 July 2000
-
the tax invoice must also:
(c)
clearly identify each taxable supply; and
(d)
contain the following information:
(i)
the total amount of GST payable;
(ii)
the total amount payable;
(iii)
a statement to the effect that the GST shown is payable by the supplier.
(4)
If the total amount of GST payable for the taxable supply or supplies to which the recipient created tax invoice relates is an amount that includes a fraction of a cent:
(a)
if the fraction is 0.5 cent, the amount is to be rounded up to the nearest whole cent; and
(b)
in any other case, the amount is to be rounded to the nearest whole cent.
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