A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
The fact that a * reduced credit acquisition relates to making * financial supplies does not stop it being for a * creditable purpose , to the extent that it relates to making financial supplies.
(2)
The fact that you * apply a * reduced credit acquisition in making * financial supplies does not stop it being applied for a * creditable purpose , to the extent that it relates to making financial supplies.
(3)
This section has effect despite sections 11-15 and 129-50 (which are about the meaning of creditable purpose).
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 70 - Financial supplies (reduced credit acquisitions) 70-10 Extended meaning of creditable purpose (1)The fact that a * reduced credit acquisition relates to making * financial supplies does not stop it being for a * creditable purpose , to the extent that it relates to making financial supplies.
(2)
The fact that you * apply a * reduced credit acquisition in making * financial supplies does not stop it being applied for a * creditable purpose , to the extent that it relates to making financial supplies.
(3)
This section has effect despite sections 11-15 and 129-50 (which are about the meaning of creditable purpose).
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