Document ID: chunk:federal_register_of_legislation:F2022L01272:reg:4:p2
Version: federal_register_of_legislation:F2022L01272
Segment Type: reg
Provision Reference: reg 4 (pt 2/2)
Character Range: 3595–5308

before the adjustment event and the price of the supply after the adjustment event – that difference. Where the supply is not a wholly taxable supply, the adjustment note may identify only the difference in the price to the extent it causes the adjustment.

    (3)               Alternative method to identifying the amount of the adjustment to the GST payable

     If the amount of the GST payable is 1/11th of the price, a statement can be included as an alternative to the requirement specified at paragraph 4(1)(f) or 4(2)(f). The statement must make it clear that the difference in the price of the supply includes GST.

     Note: all other requirements in subsection 4(1) or 4(2), as applicable, must be satisfied.

    (4)               Other information clearly ascertained

     A document issued by an entity to another entity satisfies paragraph 29-75(1)(c) of the GST Act if it meets the following requirements:

         (a) it would comply with the requirements for an adjustment note but for the fact that it does not contain certain information required under a determination under paragraph 29-75(1)(c); and

         (b) all the required information can be clearly ascertained from other documents given by the entity to the other entity.

    (5)               Multiple adjustments

If more than one adjustment is included in a document, then:

        (a) the requirement in paragraph 4(1)(f) or 4(2)(f) will be satisfied if the total amount of adjustments to the GST payable can be clearly ascertained for each type of adjustment; and

        (b) the requirement in paragraph 4(1)(g) and 4(2)(g) will be satisfied if the net total of differences in price can be clearly ascertained.