Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p22
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 22/58)
Character Range: 694328–696969

on the *taxable supply to which the acquisition relates; and
 (b) at the time of the acquisition, the parties to the transaction under which the acquisition was made assumed was not payable.

133‑10  Availability of adjustments under Division 19 for acquisitions
 (1) If:
 (a) you have a *decreasing adjustment under this Division for an acquisition; and
 (b) the circumstances that gave rise to the adjustment also constitute an *adjustment event;
you do not have a decreasing adjustment under section 19‑70 for the acquisition in relation to those circumstances.
 (2) This section has effect despite section 19‑70 (which is about adjustments for acquisitions arising because of adjustment events).

Division 134—Third party payments

134‑1  What this Division is about
      You may have a decreasing adjustment if you make a payment to an entity that acquires something that you had supplied to another entity. The entity receiving the payment may have an increasing adjustment.

134‑5  Decreasing adjustments for payments made to third parties
 (1) You have a decreasing adjustment if:
 (a) you make a payment to an entity (the payee) that acquires a thing that you supplied to another entity (whether or not that other entity supplies the thing to the payee); and
 (b) your supply of the thing to the other entity:
 (i) was a *taxable supply; or
 (ii) would have been a taxable supply but for a reason to which subsection (3) applies; and
 (c) the payment is in one or more of the following forms:
 (i) a payment of *money or *digital currency;
 (ii) an offset of an amount of money or digital currency that the payee owes to you;
 (iii) a crediting of an amount of money or digital currency to an account that the payee holds; and
 (d) the payment is made in connection with, in response to or for the inducement of the payee's acquisition of the thing; and
 (e) the payment is not *consideration for a supply to you.
 (1A) However, subsection (1) does not apply if:
 (a) the supply of the thing to the payee is a *GST‑free supply, or is not *connected with the indirect tax zone; or
 (b) the Commissioner is required to make a payment to the payee, under Division 168 (about the tourist refund scheme), related to the payee's acquisition of the thing;
and you know, or have reasonable grounds to suspect, that the supply of the thing to the payee is a GST‑free supply or is not connected with the indirect tax zone, or that the Commissioner is so required.
 (2) The amount of the *decreasing adjustment is an amount equal to the difference between:
 (a) either:
 (i) if your supply to the other entity was a *taxable supply—the amount