Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.75

    Division   19 applies in relation to an * increasing adjustment that an * operator of a * compulsory third party scheme has under section   79 - 55 as if:

  (a)   payments of excess to which the adjustment relates were * consideration for a * taxable supply that the operator made; and

  (b)   the adjustment were the GST payable on the taxable supply; and

  (c)   any refunds made by the operator of any of those payments of excess were reductions in the consideration for the supply.