Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.110

  (1)   If you cease to be a member of a GST group (the first GST group ), any * adjustment that arises afterwards in relation to a supply, acquisition or importation that you made while a * member of the first GST group (other than a supply to, or an acquisition from, another member of that group):

  (a)   is an adjustment that you have; and

  (b)   is not an adjustment of the entity that is or was the * representative member of the first GST group (unless you were that representative member).

  (2)   In relation to the first GST group, this section has effect despite section   48 - 50 (which is about who has adjustments for a GST group).