Document ID: chunk:federal_register_of_legislation:F2023L01285:clause:1_7
Version: federal_register_of_legislation:F2023L01285
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 5736–7776

7  Conditions for correcting a debit error
  In working out your net fuel amount for a tax period, a debit error you made in an earlier tax period may be corrected if:
 (a) the error was not a result of recklessness as to the operation of a fuel tax law or intentional disregard of a fuel tax law;
 (b) the error is corrected in a fuel tax return that is lodged within the debit error time limit that corresponds with your current GST turnover specified in the table below; and
 (c) the net sum of the debit errors is less than the debit error value limit that corresponds with your current GST turnover specified in the table below.

Current GST turnover                    Debit error time limit                                                                              Debit error value limit
Less than $20 million                   18 months after the due date of the fuel tax return for the tax period in which the error was made  $12,500
$20 million to less than $100 million   12 months after the due date of the fuel tax return for the tax period in which the error was made  $25,000
$100 million to less than $500 million  12 months after the due date of the fuel tax return for the tax period in which the error was made  $50,000
$500 million to less than $1 billion    12 months after the due date of the fuel tax return for the tax period in which the error was made  $100,000
$1 billion and over                     12 months after the due date of the fuel tax return for the tax period in which the error was made  $560,000

Note: For a GST group, the current GST turnover is calculated for the group by including supplies that you and any other GST group members make in accordance with subsection 188-15(2) of the A New Tax System (Goods and Services Tax) Act 1999.

  8  Error cannot be corrected by amending an assessment for a later tax period
  You cannot correct an error made in working out your net fuel amount for an earlier tax period by requesting an amendment of your fuel tax return for a later tax period.