A New Tax System (Goods and Services Tax) Third Party Adjustment Note Information Requirements Determination 2020
Reference: TPANI 2020/1
Document type: Legistative Instrument
Enabling act: A New Tax System (Goods and Services Tax) Act 1999
Date of issue: 11 September 2020
Signatory: Louise Clarke Deputy Commissioner of Taxation Policy, Analysis and Legislation Law Design and Practice
Registration number: F2020L01210
Registration date: 24 September 2020
This instrument repeals A New Tax System (Goods and Services Tax) Third Party Adjustment Note Information Requirements Determination (No. 1) 2010 (F2010L01588) registered on 16 June 2010.


1. Name of instrument: This determination is the A New Tax System (Goods and Services Tax) Third Party Adjustment Note Information Requirements Determination 2020 | 2. Commencement: The instrument commences on 1 October 2020. | 3. Application: This determination applies to third party adjustment notes issued under subsection 134-20(1) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act). | 4. Determination: This determination applies to the entity that makes the payment. | 5. Information requirements for third party adjustment notes: For the purposes of paragraph 134-20(1)(d) of the GST Act, a third party adjustment note must contain enough information to enable the following to be clearly ascertained: (a) the payer's identity, as specified in a form other than the payer's ABN (note that under paragraph 134-20(1)(c) of the GST Act, the payer must also set out its ABN) (b) the payee's identity or the payee's ABN (c) a description of the thing that the payee acquires (including the quantity) and to which the payment relates (d) the amount of the payment (being a payment of money, an offset of debt, or a credit to an account) that represents a third party payment under Division 134 of the GST Act (e) the amount of the payer's decreasing adjustment under subsection 134-5(2) of the GST Act (f) the date the note is issued. (a) the payer's identity, as specified in a form other than the payer's ABN (note that under paragraph 134-20(1)(c) of the GST Act, the payer must also set out its ABN) (b) the payee's identity or the payee's ABN (c) a description of the thing that the payee acquires (including the quantity) and to which the payment relates (d) the amount of the payment (being a payment of money, an offset of debt, or a credit to an account) that represents a third party payment under Division 134 of the GST Act (e) the amount of the payer's decreasing adjustment under subsection 134-5(2) of the GST Act (f) the date the note is issued. | 6. Definitions: (1) Third party adjustment note means an adjustment note issued by a payer in the circumstances referred to in subsection 134-20(1) of the GST Act. (2) Other expressions in this determination have the same meaning as in the GST Act. | 7. Repeals: This instrument repeals A New Tax System (Goods and Services Tax) Third Party Adjustment Note Information Requirements Determination (No. 1) 2010 (F2010L01588) registered on 16 June 2010.