Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p35
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 35/63)
Character Range: 328556–331199

to the Commissioner for approval of a day specified in the notice, the Commissioner must:
 (a) approve, for the purposes of subsection 51‑5(4) or 51‑70(3), the day specified in the notice; or
 (b) approve another day for those purposes.
Note: Approving another day under paragraph (b) is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
 (2) The Commissioner may revoke an approval given under subsection (1) if the Commissioner is satisfied that the day approved is not appropriate.
Note: Revoking an approval under this subsection is a reviewable GST decision (see Subdivision 110‑F in Schedule 1 to the Taxation Administration Act 1953).
 (3) The Commissioner must give notice, to the entity referred to in subsection (1), of any decision that he or she makes under this section.

Subdivision 51‑D—Ceasing to be a participant in, or an operator of, a GST joint venture

51‑110  Adjustments after you cease to be a participant in a GST joint venture
 (1) If you cease to be a participant in a GST joint venture, any *adjustment that arises afterwards in relation to a supply, acquisition or importation that the *joint venture operator made on your behalf in the course of activities for which the joint venture was entered into (other than a supply covered by subsection 51‑30(2)):
 (a) is an adjustment that you have; and
 (b) is not an adjustment of the entity that is or was the joint venture operator.
 (2) This section has effect despite section 51‑40 (which is about who has adjustments for a GST joint venture).

51‑115  Changes in extent of creditable purpose after you cease to be a member of a GST joint venture
 (1) If:
 (a) while you were a *participant in a *GST joint venture, you acquired or imported a thing by the joint venture operator acquiring or importing it on your behalf; and
 (b) you cease to be a participant in the GST joint venture;
then, when applying section 129‑40 for the first time after that cessation, the *intended or former application of the thing is the extent of *creditable purpose last used to work out:
 (c) under section 51‑35, the amount of the input tax credit to which the *joint venture operator was entitled for the acquisition or importation; or
 (d) under section 51‑40, the amount of any *adjustment the joint venture operator had under Division 129 in relation to the acquisition or importation.
 (2) If:
 (a) while you were a *participant in a *GST joint venture, you acquired or imported a thing by the joint venture operator acquiring or importing it on your behalf; and
 (b) you have ceased to be a participant in the GST joint