Document ID: chunk:federal_register_of_legislation:C2020A00006:clause:3_7
Version: federal_register_of_legislation:C2020A00006
Segment Type: clause
Provision Reference: sch 3 cl 7
Character Range: 45380–45909

7  After subsection 268‑10(1A) in Schedule 1
Insert:
 (1B) For the purposes of this Division, if you have a *net amount for a *tax period:
 (a) you are treated as being liable to pay that net amount; and
 (b) that liability is treated as having arisen on the day by which you must give your *GST return for the tax period to the Commissioner in accordance with Division 31 of the *GST Act; and
 (c) that liability is treated as being payable on that day; and
 (d) the entire amount of that liability is treated as being unpaid.