A New Tax System (Goods and Services Tax) Regulations 2019

Chapter 4 - The special rules  

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

Division 70 - Financial supplies (reduced credit acquisitions)  

SECTION 70-5.01  

70-5.01   Objects of this Division  
The objects of this Division are:

(a) to specify the kind of acquisitions that relate to making financial supplies that can give rise to an entitlement to a reduced input tax credit; and

(b) to specify the percentage to which the input tax credit is reduced.