A New Tax System (Goods and Services Tax) Act 1999
The special rules
Special rules mainly about particular ways entities are organised
The special rules in this Part mainly modify the operation of
so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of
and the other Parts of
If, before a *
is in existence, you make an acquisition or importation:
(a) for the purpose of bringing the company into existence; or
(b) for the purpose of the company *
after it is in existence;
you acquire or import the thing for a
only to the extent that you acquire or import it for either or both of those purposes.
S 60-20(1) amended by No 41 of 2005, s 3 and Sch 10, item 5, by substituting
, effective 1 April 2005.
However, you do not acquire or import the thing for a creditable purpose to the extent that:
(a) the acquisition or importation relates (directly or indirectly) to the company making supplies that would be *
(b) the acquisition or importation is of a private or domestic nature.
An acquisition or importation is not treated, for the purposes of paragraph
, as relating to making supplies that would be *
to the extent that the supply is made through an *
, or a part of an enterprise, that the company will *
outside the indirect tax zone.
S 60-20(3) amended by No 2 of 2015, s 3 and Sch 4 item 31, by substituting
the indirect tax zone
, applicable to a tax period that commences on or after 1 July 2015.
S 60-20(3) substituted by No 156 of 2000, s 3 and Sch 1 item 10, applicable in relation to net amounts for tax periods starting on or after 1 July 2000. S 60-20(3) formerly read:
(3) To the extent that an acquisition or importation relates to making *financial supplies through an *enterprise, or a part of an enterprise, that the company will *carrying on outside Australia, the acquisition or importation is not, for the purposes of paragraph (2)(a), treated as one that relates to making supplies that would be *input taxed.
This section has effect despite sections
(which are about creditable purpose).