Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX TRANSITION) ACT 1999 - SECT 15J

    An offer (the final offer ) to change the consideration for supplies, that are made on or after 1   July 2005 and that are specifically identified by an agreement of a kind referred to in subsection   13(1), is an arbitrated offer if:

  (a)   the supplier has, in accordance with section   15K, made an offer (the initial offer ) to the recipient of the supplies to change the consideration; and

  (b)   change to the consideration has been arbitrated in accordance with section   15L; and

  (c)   the supplier makes the final offer in accordance with section   15M.