A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)

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

Division 70 - Financial supplies (reduced credit acquisitions)  

70-5.01  

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

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

(b) to specify the percentage of the reduction of the input tax credits to which the financial supply provider is entitled.