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

Chapter 4 - The special rules  

Part 4-4 - Special rules mainly about net amounts and adjustments  

Note:

The special rules in this Part mainly modify the operation of Part 2-4 , but they may affect other Parts of Chapter 2 in minor ways.

Division 138 - Cessation of registration  

138-10   Attributing adjustments for cessation of registration  

(1)    

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An *adjustment that you have under this Division is attributable to:

(aa) if you are an *incapacitated entity - your tax period under section 27-39 ; or

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(a) your concluding tax period under section 27-40 ; or

(b) if, because of subsection 151-55(1) or 162-85(1) , you do not have a concluding tax period under section 27-40 - the tax period to which that subsection applies.

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History

S 138-10(1) amended by No 118 of 2009, s 3 and Sch 1 item 29, by inserting para (aa), effective 4 December 2009.

S 138-10(1) amended by No 134 of 2004, s 3 and Sch 3 item 4, by inserting " or 162-85(1) " after " subsection 151-55(1) " in para (b), applicable in relation to net amounts for tax periods starting on or after 1 July 2005.

S 138-10(1) amended by No 134 of 2004, s 3 and Sch 1 item 10, by substituting " attributable to: (a) your concluding tax period under section 27-40; or (b) if, because of subsection 151-55(1), you do not have a concluding tax period under section 27-40 - - the tax period to which that subsection applies. " for " attributable to your concluding tax period under section 27-40. " , applicable in relation to net amounts for tax periods starting, or that started, on or after:

(a) for entities that, on 1 October 2004, had quarterly tax periods applying to them - 1 October 2004; or

(b) for other entities - 1 November 2004.

(2)    
This section has effect despite section 29-20 (which is about attributing your adjustments).

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