Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_4:p14
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 4 (pt 14/24)
Character Range: 825323–827785

GST benefits
 (1) For the purpose of negating a *GST benefit the avoider mentioned in section 165‑5 gets or got from the *scheme, the Commissioner may make a declaration stating either or both of the following:
 (a) the amount that is (and has been at all times) the avoider's *net amount for a specified tax period that has ended;
 (b) the amount that is (and has been at all times) the amount of GST on a specified *taxable importation that was made (or is stated in the declaration to have been made) by the avoider.
 (2) The Commissioner must take such action as he or she considers necessary to give effect to a declaration made under this section.

165‑45  Commissioner may reduce an entity's net amount or GST to compensate
 (1) This section operates if:
 (a) the Commissioner has made a declaration under subsection 165‑40(1) to negate the *GST benefit an entity gets or got from a *scheme; and
 (b) the Commissioner considers that another entity (the loser) gets or got a *GST disadvantage from the scheme; and
 (c) the Commissioner considers that it is fair and reasonable that the loser's GST disadvantage be negated or reduced.
 (2) An entity gets a GST disadvantage from a *scheme if:
 (a) an amount that is payable by the entity under this Act apart from this Division is, or could reasonably be expected to be, larger than it would have been apart from the scheme or a part of the scheme; or
 (b) an amount that is payable to the entity under this Act apart from this Division is, or could reasonably be expected to be, smaller than it would have been apart from the scheme or a part of the scheme; or
 (c) all or part of an amount that is payable by the entity under this Act apart from this Division is, or could reasonably be expected to be, payable earlier than it would have been apart from the scheme or a part of the scheme; or
 (d) all or part of an amount that is payable to the entity under this Act apart from this Division is, or could reasonably expected to be, payable later than it would have been apart from the scheme or a part of the scheme.
 (3) For the purposes of negating or reducing the loser's *GST disadvantage from the *scheme, the Commissioner may make a declaration (under this section) stating either or both of the following:
 (a) the amount that is (and has been at all times) the loser's *net amount for a specified tax period that has ended;
 (b) the amount that is (and has been at all times) the amount of GST on