A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)
For subsection 168-5(2) of the Act, this regulation applies if:
(a) an acquirer posts a payment authority, from a place outside the indirect tax zone, to the Comptroller-General of Customs; and
(b) the acquirer includes with the authority instructions for paying an amount to the acquirer by:
(i) crediting the amount to a credit card account or an Australian bank account; or
(ii) posting a cheque for the amount to a nominated address; and
(c) the Comptroller-General of Customs receives the authority not later than 30 days after the day on which the payment authority was given to the acquirer.
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The acquirer must be paid the amount in accordance with the instructions given with the authority.
(3)
The payment must be made within 60 days after the Comptroller-General of Customs receives the payment authority.
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