A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2, but they may affect other Parts of Chapter 2 in minor ways.

Division 100 - Vouchers    View history reference

100-15  Increasing adjustments for unredeemed vouchers  

 View history reference

(1)  

You have an increasing adjustment if:


(a) you supplied a *voucher for *consideration; and


(b) on redemption of the voucher, the holder of the voucher was entitled to supplies up to the *stated monetary value of the voucher; and
 View history reference


(c) the voucher has not been fully redeemed; and
 View history reference


(d) you have, for accounting purposes, written back to current income any reserves for the redemption of the voucher.

(2)  

 View history reference
The amount of the increasing adjustment is 1/11 of the *stated monetary value of the voucher to the extent that it was not redeemed.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page