A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 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 Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-B - Consequences of GST groups  

48-55   GST groups treated as single entities for certain purposes  

Despite sections 48-45 and 48-50 , a * GST group is treated as a single entity, and not as a number of entities corresponding to the * members of the GST group, for the purposes of working out:

(a) the amounts of any input tax credits to which the * representative member is entitled; and

(b) whether the representative member has any * adjustments ; and

(c) the amounts of any such adjustments.



(a) while you were not a * member of any * GST group , you acquired or imported a thing; and

(b) you become a member of a GST group at a time when you still hold the thing;

then, when the * representative member of the GST group applies section 129-40 for the first time after you became a member of the GST group, the * intended or former application of the thing is the extent of *creditable purpose last used to work out:

(c) the amount of the input tax credit to which you were entitled for the acquisition or importation; or

(d) the amount of any *adjustment you had under Division 129 in relation to the thing;

as the case requires.

This section has effect despite section 11-25 (which is about the amount of input tax credits) and section 17-10 (which is about the effect of adjustments on net amounts).

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