Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)
Schedule 5 Net input tax credits and capital gains tax
Income Tax Assessment Act 1997
1 At the end of section 17-10
(2) However, the amount is not assessable income to the extent that, because it becomes a component of a *net input tax credit, a reduction is made under section 103-30 (reduction of cost base etc. by net input tax credits).