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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

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  

60-10   Registration etc. not needed for input tax credits  

(1)  
If you make a * pre-establishment acquisition , the fact that you are not * registered or * required to be registered does not stop the acquisition being a * creditable acquisition .

(2)  
If you make a * pre-establishment importation , the fact that you are not * registered or * required to be registered does not stop the acquisition being a * creditable importation .

(3)  
This section has effect despite sections 11-5 and 15-5 (which are about what are creditable acquisitions and creditable importations).


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