On 20 August 2013, James O’Halloran, Deputy Commissioner of Taxation, made the following legislative instrument under s 29-75 of the GST Act:
- Goods and Services Tax: Adjustment Note Information Requirements Amendment Determination 2013 - F2013L01602.
This determination amends the A New Tax System (Goods and Services Tax) Adjustment Note Information Requirements Determination 2012.
The instrument is taken to have commenced on 1 July 2010. The instrument will therefore apply retrospectively.
The Explanatory Statement states that if the amendments to the existing legislative instrument were not applied retrospectively, then it is possible that some taxpayers may be adversely impacted in that they will not be able to apply the provisions to their circumstances. As such, the instrument applies retrospectively to ensure that taxpayers will not be disadvantaged by the amendments to the existing legislative instrument. The effect of the legislative instrument is to the advantage of affected parties.
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.