Document ID: chunk:federal_register_of_legislation:C2025C00126:section:17:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 17 (pt 1/3)
Character Range: 106218–109019

17                          Vouchers                                                                   Division 100

Division 19—Adjustment events

Table of Subdivisions
19‑A Adjustment events
19‑B Adjustments for supplies
19‑C Adjustments for acquisitions

19‑1  What this Division is about
       Adjustments can arise because of adjustment events. They are events such as a cancellation of a supply or acquisition, or a change in the consideration for a supply or acquisition (for example, because of a volume discount).
Note: Importations do not give rise to adjustment events.

19‑5  Explanation of the effect of adjustment events
  The following diagram shows how an *adjustment event for a supply or acquisition can give rise to an *increasing adjustment or a *decreasing adjustment.

Note: This section is an explanatory section.

Subdivision 19‑A—Adjustment events

19‑10  Adjustment events
 (1) An adjustment event is any event which has the effect of:
 (a) cancelling a supply or acquisition; or
 (b) changing the *consideration for a supply or acquisition; or
 (c) causing a supply or acquisition to become, or stop being, a *taxable supply or *creditable acquisition.
Example: If goods that are supplied for export are not exported within the time provided in section 38‑185, the supply is likely to become a taxable supply after originally being a supply that was GST‑free.
 (2) Without limiting subsection (1), these are *adjustment events:
 (a) the return to a supplier of a thing, or part of a thing, supplied (whether or not the return involves a change of ownership of the thing);
 (b) a change to the previously agreed *consideration for a supply or acquisition, whether due to the offer of a discount or otherwise;
 (c) a change in the extent to which an entity that makes an acquisition provides, or is liable to provide, consideration for the acquisition (unless the entity *accounts on a cash basis).
 (3) An *adjustment event:
 (a) can arise in relation to a supply even if it is not a *taxable supply; and
 (b) can arise in relation to an acquisition even if it is not a *creditable acquisition.
 (4) However, the return of a thing supplied, or part of a thing supplied, to its supplier is not an *adjustment event if the return is for the purpose of repair or maintenance.

Subdivision 19‑B—Adjustments for supplies

19‑40  Where adjustments for supplies arise
  You have an adjustment for a supply for which you are liable to pay GST (or would be liable to pay GST if it were a *taxable supply) if:
 (a) in relation to the supply, one or more *adjustment events occur during a tax period; and
 (b) GST on the supply was attributable to an earlier tax period (or, if the supply was not a taxable supply, would have been attributable to an earlier tax period had the supply