A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 72 - Associates  

Subdivision 72-B - Acquisitions without consideration  

72-50   Attributing the input tax credit to tax periods  

(1)    

The tax period to which the input tax credit for a * creditable acquisition from your * associate without * consideration is attributable is the tax period in which the supply to which the acquisition relates first becomes a supply that is * connected with the indirect tax zone .

(2)    
This section has effect despite section 29-10 (which is about attributing input tax credits for creditable acquisitions).