A New Tax System (Goods and Services Tax) Act 1999
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.Division 69 - Non-deductible expenses Subdivision 69-A - Non-deductible expenses generally
An acquisition is not a * creditable acquisition to the extent that it is a * non-deductible expense . (2)
An importation is not a * creditable importation to the extent that it is a * non-deductible expense . (3)
An acquisition or importation is a non-deductible expense if it is not deductible under Division 8 of the * ITAA 1997 because of one of the following:
(a) section 26-5 of the * ITAA 1997 (Penalties);
(b) section 26-30 of the * ITAA 1997 (Relative's travel expenses);
(c) section 26-40 of the * ITAA 1997 (Maintaining your family);
(d) section 26-45 of the * ITAA 1997 (Recreational club expenses);
(e) section 26-50 of the * ITAA 1997 (Expenses for a leisure facility);
(f) Division 32 of the * ITAA 1997 (Entertainment expenses);
(g) Division 34 of the * ITAA 1997 (Non-compulsory uniforms);
(h) section 51AK of the * ITAA 1936 (Agreements for the provision of non-deductible non-cash business benefits).
(i) (Repealed by No 41 of 2005)
An acquisition or importation is also a non-deductible expense to the extent that it is not deductible under Division 8 of the * ITAA 1997 because of one of the following:
(a) section 51AEA of the * ITAA 1936 (Meal entertainment - election to use the 50/50 split method);
(b) section 51AEB of the ITAA 1936 (Meal entertainment - election to use the 12 week register method);
(c) section 51AEC of the ITAA 1936 (Entertainment facility - election to use the 50/50 split method).
If the entity making the acquisition or importation is an * exempt entity , the acquisition or importation is a non-deductible expense if it would have been a non-deductible expense under subsection (3) or (3A) had the entity not been an exempt entity.
This section has effect despite sections 11-5 and 15-5 (which are about what is a creditable acquisition and what is a creditable importation).
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