Document ID: chunk:federal_register_of_legislation:C2016C00974:clause:1_86
Version: federal_register_of_legislation:C2016C00974
Segment Type: clause
Provision Reference: sch 1 cl 86
Character Range: 45398–46056

86  Section 114‑15
Repeal the section, substitute:

114‑15  Payments of amounts of assessed GST where security for payment of customs duty is forfeited
 (1) If:
 (a) a circumstance relating to goods is an importation of the goods into Australia because of an item of the table in section 114‑5; and
 (b) security has been given under the Customs Act 1901 for payment of *customs duty in respect of the goods; and
 (c) the security is forfeited;
any *assessed GST payable on the importation is to be paid when the security is forfeited.
 (2) This section has effect despite section 33‑15 (which is about payments of amounts of assessed GST on importations).