Document ID: chunk:federal_register_of_legislation:C2010A00020:clause:2_18
Version: federal_register_of_legislation:C2010A00020
Segment Type: clause
Provision Reference: sch 2 cl 18
Character Range: 25295–26215

18  At the end of Division 25
Add:

25‑10  Purchases later found to be GST‑free supplies
 (1) If:
 (a) you are paid an amount under subsection 25‑5(1A) for a purchase; and
 (b) the supply corresponding to the purchase is or becomes a *GST‑free supply;
you become liable to repay the amount (the recoverable amount) to the Commonwealth on the later of the following days (the due day):
 (c) the day you were paid the recoverable amount;
 (d) the day the supply becomes a GST‑free supply.
 (2) You are liable to pay general interest charge on the whole, or any part, of the recoverable amount that remains unpaid after the due day for each day in the period that:
 (a) starts on the due day; and
 (b) finishes at the end of the last day at the end of which any of the following remains unpaid:
 (i) the recoverable amount;
 (ii) general interest charge on any of the recoverable amount.

Taxation Administration Act 1953