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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  


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 80 - Settlement sharing arrangements    View history reference

Subdivision 80-B - Nominal defendant settlement sharing arrangements    View history reference

80-70  Managing operator's increasing adjustment where contributing operator's payment  

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(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:
  *Contributing operator's payment 
Managing operator's settlement
amount (see subsection (2))
× *Decreasing adjustment 

Managing operator's settlement amount


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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).


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