A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
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The basic rules
Part 2-4
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Net amounts and adjustments
Division 19
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Adjustment events
19-1
What this Division is about
Adjustments can arise because of adjustment events. They are events such as a cancellation of a supply or acquisition, or a change in the consideration for a supply or acquisition (for example, because of a volume discount).
Note:
Importations do not give rise to adjustment events.
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