Taxation Administration Regulations 2017

PART 4 - OTHER TAXES (CHAPTER 3 IN SCHEDULE 1 TO THE ACT)  

Division 2 - Indirect taxes  

SECTION 59   REFUND SCHEME - SPECIFIED KINDS OF ACQUISITION  

59(1)    
For the purposes of paragraph 105-125(1)(b) in Schedule 1 to the Act, an acquisition, by an entity mentioned in section 58 , of the kind mentioned in subsection (2) is specified.

59(2)    
The acquisition must be:


(a) an acquisition that is permitted by the international agreement relevant to the entity; and


(b) an acquisition of:


(i) a thing the supply of which is a taxable supply; or

(ii) wine on which the entity has borne wine tax (within the meaning of the A New Tax System (Wine Equalisation Tax) Act 1999 ).




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