Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 49.50

GST religious groups treated as single entities for certain purposes

  (1)   Despite sections   49 - 35, 49 - 40 and 49 - 45, a * GST religious group is treated as a single entity, and not as a number of entities corresponding to the * members of the GST religious group, for the purposes of working out:

  (a)   whether acquisitions or importations by a member are for a * creditable purpose; and

  (b)   the amounts of any input tax credits to which the member is entitled; and

  (c)   whether the member has any * adjustments; and

  (d)   the amounts of any such adjustments.

  (2)   This section has effect despite section   11 - 25 (which is about the amount of input tax credits) and section   17 - 10 (which is about the effect of adjustments on net amounts).


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