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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  

Note:

The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.

Division 153 - Agents etc. and insurance brokers  

Subdivision 153-A - General  

153-5   Attributing the input tax credits for your creditable acquisitions  

(1)    
If:

(a) you are entitled to the input tax credit for a * creditable acquisition made through an agent; and

(b) neither you nor your agent holds a * tax invoice for the acquisition when you give to the Commissioner a * GST return for the tax period to which the input tax credit on the acquisition would otherwise be attributable;

then:

(c) the input tax credit (including any part of the input tax credit) is not attributable to that tax period; and

(d) the input tax credit (or the part of the input tax credit) is attributable to the first tax period for which you give to the Commissioner a GST return at a time when you or your agent holds that tax invoice.

(2)    
This section has effect despite subsection 29-10(3) (which is about the requirement to hold a tax invoice).