Public Governance, Performance and Accountability Act 2013

CHAPTER 2 - COMMONWEALTH ENTITIES AND THE COMMONWEALTH  

PART 2-5 - APPROPRIATIONS  

Division 2 - Appropriations relating to non corporate Commonwealth entities and the Commonwealth  

SECTION 74A   RECOVERABLE GST FOR NON-CORPORATE COMMONWEALTH ENTITIES  

Recoverable GST on acquisitions

74A(1)    
If:

(a)    a non-corporate Commonwealth entity makes a payment in relation to an acquisition; and

(b)    the payment is made in reliance on an appropriation that is limited as to amount; and

(c)    a GST qualifying amount (see subsection (3) ) arises for that acquisition;

then the amount of the GST qualifying amount may be credited to the appropriation.

Recoverable GST on importations

74A(2)    
If:

(a)    a non-corporate Commonwealth entity makes a payment of GST on an importation; and

(b)    the payment is made in reliance on an appropriation that is limited as to amount; and

(c)    a GST qualifying amount (see subsection (3) ) arises for that importation;

then the amount of the GST qualifying amount may be credited to the appropriation.

Meaning of GST qualifying amount

74A(3)    
A GST qualifying amount is:

(a)    an input tax credit (within the meaning of the GST Act); or

(b)    a decreasing adjustment (within the meaning of the GST Act).

When crediting of appropriation takes effect

74A(4)    
The crediting of an amount in accordance with subsection (1) or (2) takes effect at the time an entry recording the GST qualifying amount is made in the accounts and records of the non-corporate Commonwealth entity.

Rules about GST arrangements

74A(5)    
The rules may prescribe matters relating to GST arrangements for non-corporate Commonwealth entities.