Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 11.5

What is a creditable acquisition?

    You make a creditable acquisition if:

  (a)   you acquire anything solely or partly for a * creditable purpose; and

  (b)   the supply of the thing to you is a * taxable supply; and

  (c)   you provide, or are liable to provide, * consideration for the supply; and

  (d)   you are * registered, or * required to be registered.


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