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

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  


The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 69 - Non-deductible expenses  

Subdivision 69-B - Elections for GST purposes relating to meal entertainment and entertainment facilities  

69-35   Election to use the 50/50 split method for entertainment facilities  

You may elect to have acquisitions or importations treated, for the purposes of this Subdivision, as * non-deductible expenses because of paragraph 69-5(3A)(c) , to the extent that the acquisitions or importations would be non-deductible expenses because of that paragraph if:

(a) an election were in force under section 152B of the Fringe Benefits Tax Assessment Act 1986 ; and

(b) section 51AEC of the * ITAA 1936 were to apply, because of that election, to expenses relating to the acquisitions or importations.

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.