• 6.9. Given that a superannuation fund will predominantly make financial supplies (that is, the provision of an interest in the superannuation scheme), is it entitled to reduced input tax credits (RITCs)?

    Non-interpretative – straight application of the law

    Yes, it is entitled to RITCs to the extent that:

    • the acquisition relates to making financial supplies
    • the acquisition is listed as a reduced credit acquisition under Division 70 of the GST Regulations.
      Last modified: 24 Jun 2015QC 16359