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

S 114-15(1) amended by No 2 of 2015, s 3 and Sch 4 item 31, by substituting " the indirect tax zone " for " Australia " in para (a), applicable to a tax period that commences on or after 1 July 2015.

S 114-15 substituted by No 39 of 2012, s 3 and Sch 1 item 86, applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012. S 114-15 formerly read:

114-15 Payments of amounts of GST where security for payment of customs duty is forfeited  
(1)
If:

(a) a circumstance relating to goods is an importation of the goods into Australia because of an item of the table in section 114-5; and

(b) security has been given under the Customs Act 1901 for payment of *customs duty in respect of the goods; and

(c) the security is forfeited;

any GST payable on the importation is to be paid when the security is forfeited.

(2)
This section has effect despite section 33-15 (which is about payments of amounts of GST on importations).

S 114-15 inserted by No 176 of 1999, s 3 and Sch 1 item 107, effective 1 July 2000.