Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.30

             (1)  An * amalgamated company has an * adjustment if:

                     (a)  apart from the * amalgamation, any of the * amalgamating companies would have had the adjustment; and

                     (b)  the adjustment was not attributable, before the amalgamation, to a tax period applying to the amalgamating company.

             (2)  This section has effect despite section 17-10 (which is about the effect of adjustments on net amounts).