Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p3
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 3/58)
Character Range: 647291–650021

in Australian currency of that amount, ascertained in the way provided in section 161J of the Customs Act 1901.
 (2) Goods are part of a batch repair process if:
 (a) they are part of a process to replace goods that were exported from the indirect tax zone for repair or renovation; and
 (b) they are not new or upgraded versions of the exported goods; and
 (c) they are not replacing goods that have reached the end of their effective operational life.
 (3) This section has effect despite subsection 13‑20(2) (which is about the value of taxable importations).

117‑10  Valuation of taxable importations of live animals that were exported
 (1) If there is a *taxable importation of a live animal that was exported, and the difference between:
 (a) what would have been the value of the importation if this section did not apply; and
 (b) what would have been the value of a taxable importation of the animal if it had been imported immediately before the time of the exportation;
is greater than zero, the value of the *taxable importation is an amount equal to that difference.
 (2) In any other case, the value of a *taxable importation of a live animal that was exported is nil.
 (3) However, this section does not apply if the ownership of the animal when it is imported is different from its ownership when it was last exported.
 (4) This section has effect despite subsection 13‑20(2) (which is about the value of taxable importations).

117‑15  Refunds of assessed GST on certain reimportations of live animals
 (1) If:
 (a) you were liable to pay the *assessed GST on a *taxable importation to which section 117‑10 applied; and
 (b) the importation was not a *creditable importation; and
 (c) the circumstances specified in the regulations occur;
the Commissioner must, on behalf of the Commonwealth, pay to you an amount equal to the amount of the assessed GST payable on the taxable importation.
 (2) The amount is payable within the period and in the manner specified in the regulations.

Part 4‑4—Special rules mainly about net amounts and adjustments
Note: The special rules in this Part mainly modify the operation of Part 2‑4, but they may affect other Parts of Chapter 2 in minor ways.

Division 123—Simplified accounting methods for retailers and small enterprise entities

123‑1  What this Division is about
      The Commissioner can create simplified accounting methods that some retailers and small enterprise entities can choose to apply with a view to reducing their costs of complying with the requirements of the GST.

123‑5  Commissioner may determine simplified accounting methods
 (1) The Commissioner may determine in writing an arrangement (to be known as a simplified accounting method) that:
 (a)