Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 51.110

             (1)  If you cease to be a participant in a GST joint venture, any * adjustment that arises afterwards in relation to a supply, acquisition or importation that the * joint venture operator made on your behalf in the course of activities for which the joint venture was entered into (other than a supply covered by subsection 51-30(2)):

                     (a)  is an adjustment that you have; and

                     (b)  is not an adjustment of the entity that is or was the joint venture operator.

             (2)  This section has effect despite section 51-40 (which is about who has adjustments for a GST joint venture).