A New Tax System (Goods and Services Tax) Act 1999
Note:Division 129 - Changes in the extent of creditable purpose Subdivision 129-D - Amounts of adjustments for acquisitions and importations 129-70 The amount of an increasing adjustment
The amount of an * increasing adjustment that you have under Step 3 of the Method statement in section 129-40 for the thing acquired or imported is worked out as follows:
(a) the acquisition or importation had been solely for a * creditable purpose ; and
(b) in the case where the supply to you was a * taxable supply because of section 72-5 or 84-5 - the supply had been or is a * taxable supply under section 9-5 .
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