Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)
Schedule 3 Fringe benefits
A New Tax System (Goods and Services Tax) Act 1999
23 Paragraph 111-5(3)(a)
Repeal the paragraph, substitute:
(a) is not a*creditable acquisition to the extent (if any) that:
(i) the employee,*associate, agent,*officer or partner is entitled to an input tax credit for acquiring the thing acquired in incurring the expense; or
(ii) the acquisition would not, because of Division 69, be a creditable acquisition if you made it; and
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
