When adjustments are required
2012 amendment corrects the GST Act on when an adjustment is required under the apportionment rules, in particular the de minimis rules.
Section 21A(c) of the Goods and Services Tax Act 1985
Section 21A sets out when an adjustment is required under the GST apportionment rules. There are de minimis rules (designed for compliance cost purposes) that ensure that small adjustments do not need to be made. These rules are set out in sections 21(2)(c) and (d). When section 21A was introduced, an oversight resulted in only the de minimis in section 21(2)(c) being referred to. This amendment corrects that oversight by introducing into section 21A a cross-reference to section 21(2)(d).
The change applies from 1 April 2011.