Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.5

    If you have an * adjustment under section   21 - 5, 21 - 10, 136 - 30 or 136 - 35 in relation to a supply that was partly a * taxable supply, the amount of that adjustment is reduced to the following amount:

where:

"full adjustment" is what would be the amount of the adjustment worked out under section   21 - 5, 21 - 10, 136 - 30 or 136 - 35 if this section did not apply.

"taxable proportion" is the proportion of the * value of the supply (worked out as if it were solely a taxable supply) that the taxable supply represents.

Example:   If the amount of an adjustment under section   21 - 5 would be $100 but the supply was only 80% taxable, the amount of the adjustment is $80.