A New Tax System (Goods and Services Tax) Adjustment Note Information Requirements Determination 2022 (Cth)

Legislative Instrument

A New Tax System (Goods and Services Tax) Adjustment Note Information Requirements Determination 2022

I Ben Kelly, Deputy Commissioner of Taxation, make this determination under paragraph 29-75(1)(c) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act).

Ben Kelly Deputy Commissioner of Taxation Policy, Analysis and Legislation Law Design and Practice Dated: 14 September 2022

1 Name of instrument This determination is the A New Tax System (Goods and Services Tax) Adjustment Note Information Requirements Determination 2022.

2 Commencement This determination commences on the day after it is registered on the Federal Register of Legislation.

3 Application This determination contains information requirements that apply to all entities that issue adjustment notes for the purposes of the GST Act.

4 Additional information requirements

(1) Adjustment note other than a recipient created adjustment note

An adjustment note (other than a recipient created adjustment note referred to in subsection 5(2) of this determination) must contain the following information, or enough information to enable the following to be clearly ascertained:

(a) an indication that the document is intended to be an adjustment note and the effect, whether positive or negative, of the adjustment;

(b) the identity, including the ABN, of the supplier or the supplier's agent;

(c) the identity or ABN of the recipient, the recipient's agent, or another member of the recipient's GST group, if the adjustment note:

i relates to a tax invoice showing the total price for the supply or supplies is at least $1,000 (or any higher amount specified in regulations made for the purpose of subparagraph 29-70(1)(c)(ii) of the GST Act); or