Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) a * contributing operator's payment is made; and
(b) as a result of section 80 - 60, there was a * decreasing adjustment for the * managing operator under Division 79 in relation to the * managing operator's payment or supply;
there is an increasing adjustment for the managing operator of the following amount:
Managing operator's settlement amount
(2) The managing operator's settlement amount mentioned in subsection (1) is worked out using this method statement.
Method statement
Step 1. Add together:
(a) the sum of the payments of * money, or * digital currency, (if any) that are included in the * managing operator's payment or supply; and
(b) the * GST inclusive market value of the supplies (if any) that are included in the * managing operator's payment or supply (other than supplies that would have been * taxable supplies but for section 78 - 25 or 79 - 60).
Step 2. If, in relation to the * managing operator's payment or supply, any payments of an excess were made to the * managing operator, subtract from the step 1 amount the sum of all those payments (except to the extent that they are payments of excess to which section 78 - 18 or 79 - 55 applies).