Document ID: chunk:federal_register_of_legislation:C2016C00974:clause:3_5
Version: federal_register_of_legislation:C2016C00974
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 87306–88144

5  Subsection 126‑5(2)
Repeal the subsection (including the note), substitute:
 (2) However, the *net amount worked out under subsection (1) for the tax period:
 (a) may be increased or decreased if you have any *adjustments for the tax period; and
 (b) may be increased or decreased under Subdivision 21‑A of the *Wine Tax Act; and
 (c) may be increased or decreased under Subdivision 13‑A of the A New Tax System (Luxury Car Tax) Act 1999.
Note 1: See Part 2‑4 for the basic rules on adjustments.
Note 2: Under Subdivision 21‑A of the Wine Tax Act, amounts of wine tax increase the net amount, and amounts of wine tax credits reduce the net amount.
Note 3: Under Subdivision 13‑A of the A New Tax System (Luxury Car Tax) Act 1999, amounts of luxury car tax increase the net amount, and luxury car tax adjustments alter the net amount.