Document ID: chunk:federal_register_of_legislation:C2025C00126:section:4:p2
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 4 (pt 2/2)
Character Range: 116429–117268

a cash basis.

21‑20  Recovering amounts previously written off (creditable acquisitions)
  You have a decreasing adjustment if:
 (a) you made a *creditable acquisition in relation to which you had an *increasing adjustment under section 21‑15 for a debt; and
 (b) you pay to the supplier of the thing you acquired the whole or a part of the amount written off, or the whole or a part of the amount that has been *overdue for 12 months or more, as the case requires.
The amount of the decreasing adjustment is 1/11 of the amount recovered.

21‑99  Special rules relating to adjustments for bad debts
  Chapter 4 contains special rules relating to adjustments for bad debts, as follows:

Checklist of special rules
Item                        For this case ...                                                                            See: