A New Tax System (Goods and Services Tax) Act 1999
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 60 - Pre-establishment costs 60-20 Creditable purpose (1)
If, before a * company is in existence, you make an acquisition or importation:
(a) for the purpose of bringing the company into existence; or
(b) for the purpose of the company * carrying on an * enterprise after it is in existence;
you acquire or import the thing for a creditable purpose only to the extent that you acquire or import it for either or both of those purposes.
However, you do not acquire or import the thing for a creditable purpose to the extent that:
(a) the acquisition or importation relates (directly or indirectly) to the company making supplies that would be * input taxed ; or
(b) the acquisition or importation is of a private or domestic nature. (3)
An acquisition or importation is not treated, for the purposes of paragraph (2)(a) , as relating to making supplies that would be * input taxed to the extent that the supply is made through an * enterprise , or a part of an enterprise, that the company will * carry on outside the indirect tax zone.
This section has effect despite sections 11-15 and 15-10 (which are about creditable purpose).