Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 142.16

  (1)   This section applies to an amount of GST on a supply (the low value goods GST ) that is taken into account in your * assessed net amount for a tax period if:

  (a)   you incorrectly treated the low value goods GST as payable on a supply of goods; and

  (b)   an importation of the goods was a * taxable importation, but was incorrectly treated as being a * non - taxable importation under section   42 - 15; and

  (c)   the * recipient of the supply is a * consumer of the supply.

  (2)   For the purposes of each * taxation law, the low value goods GST is taken to have always been payable on a * taxable supply until:

  (a)   to the extent (if any) that you have * passed on the GST to another entity--you reimburse the other entity for the passed on GST; and

  (b)   an entity provides to you a declaration or information that indicates that GST has been paid on the * taxable importation.