Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 29.80

Tax invoices and adjustment notes not required for low value transactions

  (1)   Subsections   29 - 10(3) and 29 - 70(2) do not apply to a * creditable acquisition that relates to a * taxable supply the * value of which does not exceed $50, or such higher amount as the regulations specify.

  (2)   Subsections   29 - 20(3) and 29 - 75(2) do not apply to a * decreasing adjustment of an amount that does not exceed $50, or such higher amount as the regulations specify.



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