Indirect Tax Legislation Amendment Act 2000 (92 of 2000)
Schedule 6 Calculating amounts of GST
A New Tax System (Goods and Services Tax) Act 1999
2 After section 17-10
Insert:
17-15 Working out net amounts using approved forms
(1) You may choose to work out your *net amount for a tax period in the way specified in an *approved form if you use the form to notify the Commissioner of that net amount. The amount so worked out is treated as your net amount for the tax period.
Note: Choosing to use section 17-5 to work out your net amount does not mean your GST return is not in the approved form: see subsection 31-15(3).
(2) This section has effect despite section 17-5.
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