Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 126.30

Gambling supplies do not give rise to creditable acquisitions

  (1)   An acquisition of a thing is not a * creditable acquisition if the supply of the thing acquired was a * gambling supply.

  (2)   This section has effect despite section   11 - 5 (which is about what is a creditable acquisition).


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