The special rules in this Part mainly modify the operation of Part 2-4, but they may affect other Parts of Chapter 2 in minor ways.
Division 137 inserted by No 177 of 1999, s 3 and Sch 1 item 107, effective 1 July 2000.
137-5 Adjustments for stock on hand on becoming registered etc.
(a) you become *registered or *required to be registered; and
(b) at that time, you hold stock for the purpose of sale or exchange, or for use as raw materials, in *carrying on your *enterprise; and
(c) you had acquired the stock solely or partly for a *creditable purpose.
(a) you were entitled to an input tax credit for the acquisition; and
(b) you have not had a *increasing adjustment under Division 138 (cessation of registration) relating solely or partly to the stock.
S 137-5 inserted by No 177 of 1999, s 3 and Sch 1 item 107, effective 1 July 2000.