Document ID: chunk:federal_register_of_legislation:F2015L01583:body:0:p2
Version: federal_register_of_legislation:F2015L01583
Segment Type: other
Provision Reference: 
Character Range: 2638–5317

consideration
          has been received for a taxable supply – the GST payable on the supply is attributable to that tax period, but only to the extent of the consideration that you become aware has been received, or,

       (e)     if, in a tax period, you are not aware that any of the consideration has been received for a taxable supply - none of the GST payable on the supply is attributable to that tax period.

Particular attribution rule for GST payable on a taxable supply made by a collecting society to a copyright owner that is subject to a remuneration notice

The GST payable by you on a taxable supply where:

       (a)     you are a collecting society for the purposes of the Copyright Act 1968; and,

       (b)  the consideration for the taxable supply represents the payment of administrative costs out of equitable remuneration collected by you that is subject to a remuneration notice in terms of the Copyright Act 1968;

    is attributable to the tax period in which you become aware the recipient of the supply is entitled to receive a distribution of that equitable remuneration.

Particular attribution rule for input tax credits that arise on a creditable acquisition made by a copyright owner as a result of a remuneration notice given to a collecting society

The input tax credit to which you are entitled for a creditable acquisition that you make from a collecting society, upon whom you have to rely for information about the acquisition to attribute input tax credits, is attributable to the earlier of:

       (a) the tax period in which you become aware that any of the consideration has been provided; or,

       (b)  the tax period in which you become aware that an invoice has been issued relating to the acquisition.

However, if you account on a cash basis, then:

       (c)  if, in a tax period, you become aware that you have provided all of the consideration for a creditable acquisition – the input tax credit for the acquisition is attributable to that tax period; or,

       (d)  if, in a tax period, you become aware that you have provided part of the consideration – the input tax credit for the acquisition is attributable to that tax period, but only to the extent of the consideration that you are aware you have provided in that tax period; or,

       (e)  if, in a tax period, you are not aware that you have provided any of the consideration, none of the input tax credit for the acquisition is attributable to that tax period.
To avoid doubt, this determination is not intended to override subsection 29‑10(3), subsection 29-20(3), Division 57, Division 153 or Division 156 of the Act.

  6.     Definitions

The