Indirect Tax Legislation Amendment Act 2000 (92 of 2000)
Schedule 5 Financial supplies
A New Tax System (Goods and Services Tax) Act 1999
4 At the end of section 15-10
(5) An 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:
(a) the importation relates to making a *financial supply consisting of a borrowing; and
(b) the borrowing relates to you making supplies that are not input taxed.