Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p56
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 56/58)
Character Range: 778165–780740

any part of that amount recovered before the start of the transition tax period, is to be treated, for the purposes of Division 21, as if at all relevant times you were not *accounting on a cash basis; and
 (d) any adjustment arising under Division 21 as a result is attributable to the transition tax period.
 (2) This section has effect despite subsections 21‑5(2) and 21‑15(2) (which preclude adjustments for bad debts when accounting on a cash basis) and section 29‑20 (which is about attributing adjustments).

159‑20  Starting to account on a cash basis
 (1) If, at the start of a tax period, you start to *account on a cash basis, then:
 (a) the GST payable by you on a *taxable supply that you made; or
 (b) the input tax credit to which you are entitled for a *creditable acquisition; or
 (c) an *adjustment that you have;
that was attributable to one or more previous tax periods remains attributable to those periods, and not to any other tax period.
 (2) This section has effect despite sections 29‑5, 29‑10 and 29‑20 (which are about attributing GST on supplies, input tax credits on acquisitions, and adjustments) and any other provisions of this Chapter.

159‑25  Starting to account on a cash basis—bad debts
 (1) If:
 (a) the GST payable by you on a *taxable supply, or the input tax credit to which you are entitled for a *creditable acquisition, was attributable to a tax period during which you were not *accounting on a cash basis; and
 (b) at a time when you are accounting on a cash basis, the whole or part of a debt relating to the *consideration for the supply or acquisition is written off as bad;
the amount written off, and any part of that amount that is recovered, is to be treated, for the purposes of Division 21, as if at all relevant times you were not accounting on a cash basis.
 (2) This section has effect despite subsections 21‑5(2) and 21‑15(2) (which preclude adjustments for bad debts when accounting on a cash basis).

159‑30  Entities ceasing to exist or coming into existence
  This Division does not apply in relation to an entity ceasing to *account on a cash basis as it ceases to exist, or in relation to an entity starting to account on a cash basis as it comes into existence.

Part 4‑7—Special rules mainly about returns, payments and refunds
Note: The special rules in this Part mainly modify the operation of Part 2‑7, but they may affect other Parts of Chapter 2 in minor ways.

Division 162—Payment of GST by instalments

Table of Subdivisions
162‑A Electing to pay GST by instalments
162‑B Consequences of electing to