14
CurrentAdjustments for GST
Part 4Debit limits
14 Adjustments for GST
If:
(a)
a payment in respect of an acquisition or importation is made in reliance on a debit limit specified in section 13; and
(b)
a GST qualifying amount arises for that acquisition or importation;
then the debit limit is increased by the amount of the GST qualifying amount.
This Act’s bill:Explanatory memorandumSecond reading speech
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