Tax Laws Amendment (2010 GST Administration Measures No. 3) Act 2010 (91 of 2010)

Schedule 3   Adjustments for third party payments

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

2   Paragraph 134-5(2)(a)

Repeal the paragraph, substitute:

(a) either:

(i) if your supply to the other entity was a *taxable supply - the amount of GST payable on the supply; or

(ii) if your supply to the other entity would have been a taxable supply but for a reason to which subsection (3) applies - the amount of GST that would have been payable on the supply had it been a taxable supply;

taking into account any other *adjustments that arose, or would have arisen, relating to the supply; and