The special rules in this Part mainly modify the operation of Part 2-2, but they may affect other Parts of Chapter 2 in minor ways.
Subdiv 66-B inserted by No 177 of 1999, s 3 and Sch 1 item 84, effective 1 July 2000.
66-45 Future re-supplies that are not taxable supplies
(a) it is a supply of goods that were part of an acquisition you made that was an acquisition of *second-hand goods to which this Subdivision applied; and
(b) your *total Subdivision 66-B credit amount is more than your *total Subdivision 66-B GST amount; and
(c) what would be the amount of GST payable on the supply, if the supply were a taxable supply, is less than or equal to the difference between:
(i) your *total Subdivision 66-B credit amount; and
(ii) your *total Subdivision 66-B GST amount.
This section will not apply unless the record keeping requirements of section 66-55 are met.
S 66-45 inserted by No 177 of 1999, s 3 and Sch 1 item 84, effective 1 July 2000.