A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-1
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Special rules mainly about particular ways entities are organised
An acquisition that a * member of a * GST religious group makes from another member of the same GST religious group is treated as if it were not a * creditable acquisition . (2)
This section has effect despite section 11-5 (which is about what are creditable acquisitions).
Note:
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 49 - GST religious groups
Subdivision 49-B
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Consequences of approval of GST religious groups
49-35
Acquisitions between members of GST religious groups
(1)
An acquisition that a * member of a * GST religious group makes from another member of the same GST religious group is treated as if it were not a * creditable acquisition . (2)
This section has effect despite section 11-5 (which is about what are creditable acquisitions).
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