A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Schedule 6 Indirect Tax Transition Acts
A New Tax System (Goods and Services Tax Transition) Act 1999
9 After subsection 16(4)
Insert:
(4A) The special credit is treated as though it were an input tax credit for the purposes of the Income Tax Assessment Act 1997 (see Division 27 and sections 110-45 and 110-50).
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