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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.53 Consequences of changing a representative member during a tax period

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.53

Consequences of changing a representative member during a tax period

  (1)   If you are the * representative member of a * GST group only for one or more parts of a tax period, then, in relation to your capacity as the representative member:

  (a)   section   48 - 40 only applies to the GST payable on a * taxable supply that an entity makes, to the extent that the GST would be attributable to a period to which subsection   (2) applies if it were a tax period applying to you; and

  (b)   section   48 - 40 only applies to the GST payable on a * taxable importation that an entity makes during a period to which subsection   (2) applies; and

  (c)   section   48 - 45 only applies to the input tax credit for a * creditable acquisition or * creditable importation that an entity makes, to the extent that the input tax credit would be attributable to a period to which subsection   (2) applies if it were a tax period applying to you; and

  (d)   section   48 - 50 only applies to an * adjustment that an entity has that would be attributable to a period to which subsection   (2) applies if it were a tax period applying to you.

  (2)   This section applies to any period, during the tax period, during which you were the * representative member of the * GST group.

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