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

Chapter 2 - The basic rules  

Part 2-2 - Supplies and acquisitions  

Division 11 - Creditable acquisitions  

11-5   What is a creditable acquisition?  
You make a creditable acquisition if:

(a) you acquire anything solely or partly for a * creditable purpose ; and

(b) the supply of the thing to you is a * taxable supply ; and

(c) you provide, or are liable to provide, * consideration for the supply; and

(d) you are * registered , or * required to be registered .

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