Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 114.15

  (1)   If:

  (a)   a circumstance relating to goods is an importation of the goods into the indirect tax zone because of an item of the table in section   114 - 5; and

  (b)   security has been given under the Customs Act 1901 for payment of * customs duty in respect of the goods; and

  (c)   the security is forfeited;

any * assessed GST payable on the importation is to be paid when the security is forfeited.

  (2)   This section has effect despite section   33 - 15 (which is about payments of amounts of assessed GST on importations).